Weekly Market Observations - June 4, 2025

Here’s Our Weekly Market Observations :

Economy

🔽 PCE dropped to 2.1% YOY in April with a MOM increase of only 0.1%

🔽 PPI drops 0.5% MOM in April and up 2.4% YOY

🔽 CPI up 0.2% MOM and 2.3% YOY, below expectations

🔼 Jobs up by 177k in April, above expectations

↔️ Unemployment rate flat at 4.2%

Housing Sales

🔽 April home resales down 0.5% MOM and 2.0% YOY

🔼 Resale prices increase 1.8% YOY to $414,000

🔼 Existing home inventory increased from 3.5 to 4.4 months

🔼 March pending home sales increased 6.1% MOM but dropped 0.6% YOY

Housing Construction

🔽 Total March housing permits dropped 0.2% YOY

🔽 Single-family permits fell 2% MOM and 0.6% YOY

🔽 Single-family starts drop 9.7% YOY

🔽 Multifamily permits decreased 4.3% MOM and 0.9% YOY

🔼 Multifamily starts up 47.8% YOY

Mortgage

🔼 Average 30-year fixed mortgage: 6.89%