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Market Update | May 28, 2025

After sliding for five consecutive months, the confidence of U.S. consumers rebounded in May. The May Consumer Confidence Index came in 98.0, up 12.3 points from April. The Present Situation Index increased nearly 5.0 points to 135.9. The Expectations Index, based on a short-term outlook, increased a sharp 17.4 points to 72.8. Despite the jump, the current level remains below the key threshold of 80, which typically signals a recession ahead. The boost in May came as the framework for potential widespread trade deals became clearer.

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Market Update

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Core Report | May 23, 2025

After sliding the first two months of the year, new home sales have now increased in back-to-back months. New home sales came in at a 743,000 unit rate in April, up 10.9% from March and up 3.3% from the 719,000 unit rate in April 2024.

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Core Report

Market Update | May 7, 2025

New home sales increased for the second consecutive month in March and was at its highest monthly rate since September. March new home sales came in at a 724,000 unit rate, up 7.4% from February and up 6.0% from the 683,000 unit rate in March 2024. Sales have now increased, on a year-over-year basis, in back-to-back months, and in four of the last five months. The inventory of unsold new homes held steady, ending the month flat from the end of February at 493,000 units. The month-end inventory, when combined with March's sales rate, equates to 7.1 months of supply.

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Market Update

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Core Report | May 16, 2025

Domestic raw steel production increased sharply again last week as the mills ramp up to offset the loss of imports. U.S. mills produced an estimated 1,740k tons at a 77.5% utilization rate; this is up from 1,725k tons and a 76.8% rate previously.

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Core Report

Market Update | May 7, 2025

New home sales increased for the second consecutive month in March and was at its highest monthly rate since September. March new home sales came in at a 724,000 unit rate, up 7.4% from February and up 6.0% from the 683,000 unit rate in March 2024. Sales have now increased, on a year-over-year basis, in back-to-back months, and in four of the last five months. The inventory of unsold new homes held steady, ending the month flat from the end of February at 493,000 units. The month-end inventory, when combined with March's sales rate, equates to 7.1 months of supply.

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Market Update

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Core Report | May 09, 2025

Domestic raw steel production increased sharply again last week, now up four out of the last five weeks. U.S. mills produced an estimated 1,725k tons at a 76.8% utilization rate; this is up from 1,706k tons and a 76.0% rate previously.

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Core Report

Market Update | May 7, 2025

New home sales increased for the second consecutive month in March and was at its highest monthly rate since September. March new home sales came in at a 724,000 unit rate, up 7.4% from February and up 6.0% from the 683,000 unit rate in March 2024. Sales have now increased, on a year-over-year basis, in back-to-back months, and in four of the last five months. The inventory of unsold new homes held steady, ending the month flat from the end of February at 493,000 units. The month-end inventory, when combined with March's sales rate, equates to 7.1 months of supply.

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Market Update

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Core Report | April 25, 2025

Increased activity from consumers continued in April, as pre-tariff buying bled over from March. April U.S. light vehicle sales came in at a 17.3 million unit rate, down slightly from March but up considerably from April 2024.

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Core Report

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Core Report | April 25, 2025

New home sales increased for the second consecutive month in March and was at its highest monthly rate since September. March new home sales came in at a 724,000 unit rate, up 7.4% from February and up 6.0% from the 683,000 unit rate in March 2024.

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Core Report

Market Update | April 23, 2025

New home sales increased for the second consecutive month in March and was at its highest monthly rate since September. March new home sales came in at a 724,000 unit rate, up 7.4% from February and up 6.0% from the 683,000 unit rate in March 2024. Sales have now increased, on a year-over-year basis, in back-to-back months, and in four of the last five months. The inventory of unsold new homes held steady, ending the month flat from the end of February at 493,000 units. The month-end inventory, when combined with March's sales rate, equates to 7.1 months of supply.

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Market Update