Edward Flores's Blog Posts

Monday Morning Coffee 2022 Nov 14

Residential construction spending for September held pace with August. It's now 12.7% ahead of a year ago, so more new homes will be coming on the market. Realtor.com reports the active

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Monday Morning Coffee 2022 Nov 7

New Home Sales fell 10.9% in September, now 17.6% below where they were a year ago. With rising mortgage rates and higher prices, the problem is declining affordability. However, the median

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Monday Morning Coffee 2022 Oct 31

Sales of existing homes dipped 1.5% in September, down for the eighth month in a row, their longest losing streak since 2007. But the last two months posted the smallest declines this year, so

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Monday Morning Coffee 2022 Oct 24

Realtor.com reports active inventory continued to grow in the week ending October 1, 30% above one year ago, although down from pre-pandemic levels. Homes spent six more days on the market than

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Monday Morning Coffee 2022 Oct 3

It was a surprise to see Housing Starts surge 12.2% in August. Not surprising was the 10.0% dip in new Building Permits, since the backlog of homes authorized but not yet started sits

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Monday Morning Coffee 2022 Oct 17

Residential construction spending slipped a tick (less than 1%) in August. But home builder spending is still 12.5% higher than a year ago, so, more new homes will keep coming on the

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Monday Morning Coffee 2022 Oct 10

New Home Sales jumped 28.8% in August, the largest monthly gain in more than two years. New home sales are only 0.1% below a year ago and the median price was down 6.3% from the month before.Home

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Monday Morning Coffee 2022 Sep 26

The National Association of Realtors reports active housing market inventory continues to grow, up 27% from a year ago. Versus last year, shoppers have more homes to consider, although

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Monday Morning Coffee 2022 Sep 19

The Mortgage Bankers Association Chief Economist sees "no sign of a rebound in purchase applications yet, but the robust job market and an increase in housing inventories should lead

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Monday Morning Coffee 2022 Sep 12

In July, total residential construction spending fell 1.5% below June’s estimate, but still 14.1% above where residential spending was in July a year ago.June saw the smallest

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Monday Morning Coffee 2022 Aug 08

New Home Sales dove 8.1% in June, and are now down 17.4% from a year ago. This was blamed on declining affordability. Median prices are up 7.4% from a year ago, although they've fallen two

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Monday Morning Coffee 2022 Aug 01

Existing Home Sales were off for the 5th month in a row, down 5.4% in June, blamed on falling affordability. However it is good to see inventory rising relatively rapidly, up 2.4% from a

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