Deutsche Bank’s economists are turning bullish on the US output growth in 2013. They believe that improvements in US home construction (see discussion) will have a multiplier effect – even though construction by itself accounts for only 1% of the GDP. …
Tag Archive for Nahb
Housing News, Lee's Free Thinking
Home Sales and Prices Continued Their Rise and Listing Inventory Continued Decline Last Week
by Lee Adler • • 0 Comments
The 30 day moving average of US house sales showed prices and volume continuing to rise in the week ended June 14 in data reported by Dataquick. There were 198,090 sales recorded for the period, versus 194,965 for the period ended June 7, which was 8.2% higher than the year ago period. Median sale prices…
Housing News
NAHB Data Shows Increasing Model Home Traffic, Sales Should Follow
by Newswires • • 0 Comments
Wall Street Examiner Home Sales Charts updated June 18 showing traffic improving with a widening gap over sales, suggesting increased sales to come. – Lee Adler Unedited NAHB Press Release June 18, 2012 – Builder confidence in the market for newly built, single-family homes gained one point in June from a slightly revised level in the previous…
Charts, Economics, Email Bulletins Archive, Lee's Free Thinking, Must Read
Lots of Conomic Data Releases, All Of Them Misleading
by Lee Adler • • 0 Comments
There’s been lots of conomic data over the past couple of days. I covered the NAHB builder survey yesterday. Regardless of the fact that the housing market is at pathetic levels historically, the builder data showed the rebound off the lows to be on track. Today, the government released data on housing starts to add…
Economics, Email Bulletins Archive, Housing, Lee's Free Thinking, Must Read
Builder Indexes Down In April, But Trend Is Still Up
by Lee Adler • • 0 Comments
The dark and dirty job of pointing out that the NAHB Housing Market Index present conditions index is up 11 points versus last April and traffic is up 5 points falls to me, I guess. The mainstream media and the NAHB itself has already widely reported only the bad news that April was down versus March…
Bears Chat, Best of the Forums
Why We’re Shunning The McMansion
by a Wall Street Examiner • • 0 Comments
An increasing number of Americans are opting to buy smaller homes or even rent, experts say, as uncertainty about the struggling housing market, energy prices, and a lackluster domestic economy persists.
“Despite home prices that have really rolled…
Bears Chat, Best of the Forums
This Morning’s Tweets
by a Wall Street Examiner •
Lee_Adler Free podcast with ML-implode.com’s Aaron Krowne on the mortgage mess, posting later at http://radiofreewallstreet.fm. Stay tuned. Lee_Adler …
Bears Chat, Best of the Forums
NAHB Posts Craptacular Numbers
by Lee Adler •
Rock bottom mortgage rates aren’t helping the housing market. The NAHBs builder survey numbers were horrible. Current sales were rated at 13 on a scale of 100. Anything below 50 means that the builders say that business sucks. But get this. The “Traffi…
