By now you have heard about Friday’s blockbuster housing starts numbers that blew out conomists’ expectations. Here’s the actual, not seasonally adjusted data.
http://youtu.be/QEdIL8sAFR4
By now you have heard about Friday’s blockbuster housing starts numbers that blew out conomists’ expectations. Here’s the actual, not seasonally adjusted data.
http://youtu.be/QEdIL8sAFR4
The actual, not seasonally adjusted number of contracts for the sales of existing homes rose by 33% in March versus the February level. This is…
The mainstream media dutifully reported a 2.8% gain in the headline seasonally adjusted number for housing starts. It was just another example of how misleading…
January housing starts stayed in the toilet, running only about flat year to year. The multifamily boom continued while single family languished. The chart tells…
The National Association of Realtors (NAR) Pending Home Sales Index (PHSI) number for December fell by 8.7%, crushing clueless Wall Street economists whose consensus guess…
New Home Sales Worse Than Usual For December New home sales in the US in December were an unqualified disaster. The headline number came in…
Home prices are still rising according to the latest NAR data showing a monthly gain of 1.3% and 9.9% year to year increase in December. That’s consistent…
With Case Shiller out this morning touting rip roaring price gains, it’s time for me to remind everyone yet again that that index is the worst housing indicator on the planet.
Looks can be deceiving, especially when they are financial news headlines. The way the media is reporting this morning’s housing starts news, you would think…
Contract volume for sales of existing homes in October were actually much better than media reports suggested. This video gives the details so that you…