Weekly Market Observations - April 16, 2025

Here’s Our Weekly Market Observations :

Economy

🔽 CPI up 0.1% MOM and 2.4% YOY, lower than expected

🔼 Jobs up by 228k in March

🔼 Unemployment up slightly to 4.2%

🔼 PCE above expectations increasing by 0.4% MOM and 2.8% YOY

🔽 Wholesale prices below expectations with PPI flat MOM and up 3.2% YOY

Housing Sales

🔼 February pending home sales increased 2% MOM but dropped 3.6% YOY

🔼 Home resales up 4.2% MOM but dropped 1.2% YOY

🔼 Resale prices increase 3.8% YOY to $398,400

🔼 Existing home inventory increased from 3.0 to 3.5 months

Housing Construction

🔽 Total February housing permits dropped 6.8% YOY

↔️ Single-family permits flat MOM, but dropped 3.4% YOY

🔽 Single-family starts drop 2.3% YOY

🔽 Multifamily permits decreased 4.3% MOM and 15.7% YOY

🔽 Multifamily starts drop 6.6% YOY

Mortgage

🔽 Average 30-year fixed mortgage: 6.62%