Total outstanding US consumer debt stood at $5.08 trillion for the second quarter of 2024, increasing at an annualized rate of 2.46% (seasonally adjusted), according to the Federal Reserve’s G.19 Consumer Credit Report. From the second quarter of 2023 to the second quarter of 2024, the total increased by 1.84%. This year-over-year (YoY) growth rate…
Almost all new single-family homes that started construction in 2023 used either an air/ground source heat pump or a forced air system (without heat pump) for the primary heating system (98% in 2023), according to the Census’s Survey of Construction. While this survey data does not separate the air source heat pump systems and ground…
Home prices experienced a third year-over-year deceleration in May, according to the S&P CoreLogic Case-Shiller U.S. National Home Price Index. On a year-over-year basis, the non-seasonally adjusted (NSA) index posted a 5.94% annual gain in May, down from a 6.39% increase in April. Since June of 2023, the index had seen steady increases in the…
Stucco was the most common principal siding material for new single-family homes started in 2023 at 26.8%, according to the annual data from the Census Bureau’s Survey of Construction (SOC). Stucco was followed by vinyl siding at 25.6%, fiber cement siding (such as Hardiplank or Hardiboard) at 21.7% then by brick or brick veneer at 18.5%. Far smaller shares of single-family homes started last year had wood…
The S&P CoreLogic Case-Shiller U.S. National Home Price Index (HPI) increased at a seasonally adjusted annual rate of 3.18% for April. This was following a revised rate of 3.69% in March. On a year-over-year basis, the non-seasonally adjusted (NSA) index posted a 6.29% annual gain in April, following a 6.52% increase in March. As shown in…
Total outstanding US debt stood at $5.05 trillion for the first quarter of 2024, increasing at an annualized rate of 1.86% (SA), according to the Federal Reserve’s G.19 Consumer Credit Report. From the first quarter of 2023 to the first quarter of 2024, the total increased by 2.09%. This is lower than the 6.67% year-over-year…
The S&P CoreLogic Case-Shiller U.S. National Home Price Index (HPI) increased at a seasonally adjusted annual rate of 3.65% for March. This was following an adjusted 6.42% rate gain for February. On a year-over-year basis, the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index posted a 6.49% annual gain in March, following a 6.53%…
