Weekly Market Observations - August 21, 2025

Here’s Our Weekly Market Observations :

Economy

🔼 PCE increases 0.2% MOM and 2.6% YOY in July

🔼 CPI up 0.3% MOM in and 3.1% YOY

↔️ The Fed holds rates steady

🔽 Job report in May and June revised down sharply

🔽 Job growth in July increased by 73k

🔼 Unemployment rate increased to 4.2%

↔️ PPI was flat in June

Housing Sales

🔽 June pending home sales decreased 0.8% MOM and 2.8% YOY

🔽 Home resales down 2.7% MOM and flat YOY

🔼 Resale prices increase 2% YOY to $435,300

🔼 Existing home inventory increased from 4 to 4.7 months

Housing Construction

🔽 Total June housing permits dropped 4.4% YOY

🔽 Single-family permits fell 3.7% MOM and 8.4% YOY

🔼 Single-family starts up 4.6% MOM and down 10% YOY

🔼 Multifamily permits increased 8.1% MOM and 2.1% YOY

🔽 Multifamily starts drop 30.6% MOM but up 25.8% YOY

Mortgage

🔽 Average 30-year fixed mortgage: 6.58%