Weekly Market Observations - March 27, 2025

Here’s Our Weekly Market Observations :

Economy

🔽 February CPI up 0.2% MOM and 2.8% YOY, lower than expected

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

🔼 Jobs up in February with 151k jobs added

🔼 Unemployment up slightly to 4.1%

↔️ January PCE met expectations increasing by 0.3% MOM and 2.5% YOY

Housing Sales

🔼 February 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

🔽 January pending home dropped 4.6% MOM and 5.2% 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: 6.67%