CommentaryInsightsPerspectivesExplainers
Archive
Matching these filters: 4 pieces
Pieces
- InsightsMacroeconomics & Markets
Since 2022 the home-price index has risen 10.1 per cent while the median new house has sold for less each year
The index stands at 328.5 for 2025 against 298.3 for 2022, and the median price of a new house sold runs 433, 427, 419 and 415 thousand dollars over the same four readings. The two series cover different housing and report different statistics, so neither one corrects the other.
- InsightsInfrastructure
Each yearly fall in housing starts has been smaller than the one before it
The starts rate has declined in four consecutive observations, but the declines are shrinking: 0.05, then 0.13, then 0.05, then 0.01. The last of those is one unit in the final published digit, which means the series has stopped moving at a level below where it began in 2020.
- InsightsHousing & Urban Development
Two years of decline have taken the mortgage rate 0.21 points off its peak
The thirty-year fixed rate peaked at 6.81 per cent in 2023, and the two annual readings since are 6.72 and 6.6. The federal funds rate ended those same two years 0.81 points lower, nearly four times as far, though it rose before it fell.
- InsightsHousing & Urban Development
Housing units authorised by permit fell in every year after 2021 and are now below their 2020 reading
The series peaked at a monthly average of 1734 thousand units in 2021 and has come down in each of the four years since, to 1431 in 2025. The thirty-year mortgage rate reached its own high in 2023 and has eased in the two years since, and authorisations fell in both of them.