Market Update | August 27, 2025
Now down for the second time in the last three months, July new home sales came in at a 652,000 unit rate, down 0.6% from June and down 8.2% from the 710,000 unit rate last July.
Core Report | August 22, 2025
New housing starts increased sharply in July on the back of stronger apartment complex starts. New housing starts came in at a 1.428 million unit rate, up 5.2% from June and up 12.9% from the 1.265 million unit rate last July.
Market Update | August 20, 2025
On the back of stronger apartment complex starts, new housing starts came in at a 1.428 million unit rate, up 5.2% from June and up 12.9% from the 1.265 million unit rate last July. The jump in July starts comes on the back of upwardly revised readings in both May and June.
Core Report | August 15, 2025
Business activity from the manufacturing sector in the New York region grew a faster rate than in July. August marked the second consecutive monthly increase in activity, the first occurrence since November/December. The two-month average increased to 8.7, the highest level since December.
Market Update | August 13, 2025
Prices paid by consumers increased again in July, climbing 0.15% on an adjusted basis from June. Despite the increase, this was the smallest month-over-month growth since December. It’s the third consecutive month in which prices increased on a year-over-year basis, however, climbing 2.7% compared to last July. Excluding the volatile food and energy sectors, prices increased 0.19% from June and were up 3.06% from last July. The CORE-CPI saw prices increase the most for the shelter index, medical care, vehicle insurance, and household furniture. Prices for apparel, appliances, and nonprescription drugs, were down compared to last July.
Market Update | August 06, 2025
After sliding the previous three months, July light vehicle sales came in at a 16.87 million unit rate, up 7.6% from June and up 6.0% from the 15.83 million unit rate last July.
Core Report | July 25, 2025
New home sales increased slightly in June although at a slower rate than expected. June new home sales came in at a 627,000 unit annual rate, up 0.6% from May but down 6.6% from the 671,000 unit rate in June 2024.
Core Report | July 18, 2025
A key leading indicator for the non-residential construction spending increased sharply in June. The June Dodge Momentum Index came in at 225.1, up nearly 7% from May and up over 12% from last June.
Market Update | July 16, 2025
HVAC equipment shipments totaled 1.947 million units, up 3.6% from April but were down 0.9% from 1.965 million units in June 2024. This was the first year-over-year decline in shipments since February. Looking on a year-over-year basis, to help smooth seasonality, shipments of both water heaters and furnaces increased, climbing 2.0% and 5.6%, respectively. A/C & heat pump shipments slipped however, sliding 5.4% from last May. Year-to-date shipments are now up 0.9% compared to the first five months of last year.
Core Report | July 11, 2025
A key leading indicator for the non-residential construction spending increased sharply in June. The June Dodge Momentum Index came in at 225.1, up nearly 7% from May and up over 12% from last June.
