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…
The Fed has created permanent housing crisis from which there is no escape. Total US housing starts peaked in 1972. This chart shows actual (not seasonally…
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.…
NAR data on housing sales showed the largest August decline since 1999, the earliest publicly available data.
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…
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…
The Wall Street Journal reported today that: U.S. Home-Builder Confidence Hits Near-Decade High “An index of builder confidence in the market for new single-family homes…
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 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…
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…
