Month: December 2025

FLATLINING FLATS

12/02/2025

October existing home sales were 4.1 million annualized units, essentially unchanged from September’s 4.05 million units. For some perspective, this is the same activity level that prevailed in 10/08, during the middle of the Housing Bust and a month after…

FEW FIRINGS

12/01/2025

With the government now operating, we are getting waves of data. Weekly first-time claims for unemployment insurance are now in and the news is excellent. Initial jobless claims fell to 216,000 for the week of 11/22/25, their lowest since the…

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