Weekly Market Observations - April 30, 2025

Here’s Our Weekly Market Observations :

Economy

🔽 PPI drops 0.4% MOM in March and up 2.7% YOY

🔽 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

Housing Sales

🔽 March home resales down 5.9% MOM and 2.4% YOY

🔼 Resale prices increase 2.7% YOY to $403,700

🔼 Existing home inventory increased from 3.2 to 4 months

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

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: 6.81%