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New Home Prices

As part of the new home sales report released last week, the Census Bureau reported the number of homes sold by price and the average and median prices.From the Census Bureau: "The median sales price of new houses sold in August 2020 was $312,800. The average sales price was $369,000."The following graph shows the median and average new home prices. Click on graph for larger image.During the housing bust, the builders had to build smaller and less expensive homes to compete with all the distressed sales.  When housing started to recovery - with... -Calculated Risk

Why no flu in the antipodes?

That’s the first time I ever typed the word “antipodes”.This graph in The Economist caught my eye: At one level the answer might be obvious. Steps taken to control Covid-19 had the side effect of almost eliminating the southern flu season. Here’s Australia, for instance: Data from Australia tell a remarkable tale. From May to mid-August of 2015-19, an average of 86,000 Australians tested positive for the flu each year, and around 130 died of it. This winter the government has registered only 627 influenza infections and just... -TheMoneyIllusion

New Home Sales increased to 1,011,000 Annual Rate in August

The Census Bureau reports New Home Sales in August were at a seasonally adjusted annual rate (SAAR) of 1.011 million.The previous three months were revised up significantly. Sales of new single-family houses in August 2020 were at a seasonally adjusted annual rate of 1,011,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 4.8 percent above the revised July rate of 965,000 and is 43.2 percent above the August 2019 estimate of 706,000. emphasis added Click on graph... -Calculated Risk

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