Weekly Market Observations - July 9, 2025

Here’s Our Weekly Market Observations :

Economy

↔️ Job growth in June increased by 147k

🔽 Unemployment rate fell to 4.1%

🔽 CPI up 0.1% MOM in May and 2.4% YOY

🔽 PPI increased 0.1% MOM and up 2.6% YOY

🔼 PCE increased 0.2% MOM and 2.7% YOY in May

↔️ The Fed holds rates steady

Housing Sales

🔼 May pending home sales increased 1.8% MOM and 1.1% YOY

🔼 Home resales up 0.8% MOM but down 0.7% YOY

🔼 Resale prices increase 1.3% YOY to $422,800

🔼 Existing home inventory increased from 3.8 to 4.6 months

Housing Construction

🔽 Total May housing permits dropped 1% YOY

🔽 Single-family permits fell 2.7% MOM and 6.4% YOY

🔼 Single-family starts up 0.4% MOM and down 7.3% YOY

🔼 Multifamily permits increased 1.4% MOM and 13% YOY

🔽 Multifamily starts drop 30.4% MOM but up 5% YOY

Mortgage

🔽 Average 30-year fixed mortgage: 6.67%