Weekly Market Observations - June 18, 2025

Here’s Our Weekly Market Observations :

Economy

🔽 Job growth declined MOM with 139k added in May

↔️ Unemployment rate flat at 4.2%

🔽 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

Housing Sales

🔼 April pending home sales decreased 6.3% MOM and 2.5% YOY

🔽 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

Housing Construction

🔽 Total April housing permits dropped 3.2% YOY

🔽 Single-family permits fell 5.1% MOM and 6.2% YOY

🔽 Single-family starts drop 2.1% MOM and 12% YOY

🔽 Multifamily permits decreased 4.4% MOM and 2.6% YOY

🔼 Multifamily starts up 8% MOM and 28.8% YOY

Mortgage

↔️ Average 30-year fixed mortgage: 6.84%