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My Quick Take On the Housing Data

Some tweets on the housing data.

Lee Adler @Lee_Adler

Posted ImageLee Adler @Lee_Adler

  • NSA inventory revised down each month Nov to Feb. Completed units revised down 3 of the 4 months.

Posted ImageLee Adler @Lee_Adler

  • NSA actual sales revised up all months Nov. to Feb. First time I’ve seen that in 7 years of watching!

Posted ImageLee Adler @Lee_Adler

  • New house avg price up 11.7% y/y, 2nd straight inc. Avg $ more impacted by product mix.

Posted ImageLee Adler @Lee_Adler

  • Due to over smoothing, Shiller has missed the turn. New house median sale price up 6.3% y/y. 2nd straight y/y inc.

Posted Image

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