Housing

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7 Astounding Charts Show How Badly The Fed Failed The Housing Market

For generations, single family housing development was a driver of US economic growth. Today, there is no single family housing industry to speak of. These 7 charts derived from this week’s release of new house sales data from the Census Bureau illustrates just how bad things are. Follow the money. Find the profits!Liquidity is money. Regardless…

Here Are Three Observations on Housing That Show There’s No Way Out

The Fed has created permanent housing crisis from which there is no escape. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves in stocks and bonds, just…

Here’s Why the Facts Underpinning Bullish New Home Sales Headlines Aren’t So Bullish

Thanks Fed for Helping The Average Guy

Yesterday’s new home sales report from the Census Bureau triggered an ebullient response. Big media used words like “surge; soar; rise sharply; above expectations” to describe it. The Wall Street Journal said, “Sales of new, single-family homes rose by 5.7% to a seasonally adjusted annual rate of 552,000.” The headline number they reported reflected the monthly seasonal adjustment and…

With New Data Showing Housing Sales Slowing Here’s Why You’ll Want To Be In Cash

Housing Sales and Inventory

NAR data on housing sales showed the largest July decline since 2011, cutting the annual sales volume growth rate by 47% since March. However, while the growth rate is slowing, total sales volume was the heaviest for July since the peak of the housing bubble in 2005. Heavy but declining volume is a warning sign that…

Low Rates, Low Inventory, and Raging Inflation Create The Fed’s No Win Housing Situation

Record Low Inventory To Sales Ratio

The NAR reported that the median US existing home sale price for sales that settled in July was $234,000, which puts the annual inflation rate for house prices at 5.6%. That’s softer than the June closed sale price inflation rate of 6.5% but still way above what the BLS is recognizing for the housing inflation component…

Here Are Three Big Reasons You Should Feud With The NAHB Homebuilders Housing Market Index

How Survivorship Bias Infects The NAHB Survey- Click to enlarge

The Wall Street Journal reported today that: Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So if you want to know the direction of the next big moves in stocks and bonds, just follow the money. Lee Adler’s…

Case Shiller Is Too Slow- Here’s The Real (e)State of The US Housing Market Right Now

MLS Contract Prices- 55 Metros

The mainstream media reported the Case Shiller Index for “May.” I put that in quotes because the data does not represent the actual state of the market in May. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world that money originates, eventually it flows to and through Wall Street. So…

Here Are The Facts That Show New Homes Sales Are Actually a Bust And ZIRP A Failure

New House Sales By Region- Click to enlarge

The seasonally adjusted (SA) headline number for the monthly-error-times-12-annualized version of new home sales in June was 482,000. Wall Street analysts had guessed that the number would be 550,000. The Wall Street Journal went into apoplectic excuse-making mode, almost foaming at the mouth to try to find pundits to explain away the bad number. The…

Mouthpiece Of The Mob Says Existing Home Sales Are All Good News

Home Sale Prices and Volume - Click to enlarge

The media dutifully reported the NAR’s version of seasonally adjusted, built-in monthly error times 12, annualized, officially recorded, home sales closings in June today. The housing industry cartel and lobbying behemoth said that houses are selling at an annual rate of 5,340,000 on that basis. Follow the money. Find the profits!Liquidity is money. Regardless of where in the world…