March NAHB/Wells Fargo Housing Price Index Falls 2 Points
Another twist of bad news for U.S. housing. HMI came out at 17 vs. 15 in February. Both current and future components edged down. Chart 1. NAHB / Wells Fargo Housing Market Index
Archive for the ‘U.S. Housing’ Category
Pending Home Sales Index Fell 7.6% In January
Apparently it is all about the weather. From the Press release: Lawrence Yun, NAR chief economist, said weather is likely to impact housing data. “January pending sales, though still higher than one year ago, remain much lower than expected given that a large number of potential buyers are eligible for the expanded home buyer tax […]
Existing Home Sales Take A Plunge In January
Existing home sales fell 7.2% to 5.050.000 million SAAR. Consensus was at 5.500.000 million. An ugly number, detoriation in U.S. housing continues. Chart 1. Existing Home Sales
New Home Sales Fall 9.7%
New home sales fell 9.7% in January to 309.000 SAAR vs. December reading of 342.000 and 360.000 SAAR consensus. Yes, its winter, but it’s disastrous figure anyhow. Chart 1. U.S. New Home Sales SAAR MBA Purchase Applications Index also fell -7.3% to the lowest level since 1997. It’s a leading indicator, so probably more trouble […]
Both S&P/Case-Shiller Composites Fell in December
S&P/Case-Shiller Composites 10 fell 0.2% in December; S&P/Case-Shiller Composites 20 fell 0.3% in December. We have home prices declining for two consecutive months. Off course this has lot to with seasonal factors. The important question is will the prices will hold up in summer. Chart 1. S&P/Case-Shiller Composites Chart 2. S&P/Case-Shiller Composites Percent Change From […]
New Home Sales Fall 7.6%
New home sales fell 7.6% in December to 342.000 SAAR vs. revised November figure of 370.000 (revised upwards from 355.000 SAAR) and 370.000 SAAR consensus. Chart 1. U.S. New Home Sales SAAR
Both S&P/Case-Shiller Composites Fell in November
Both S&P/Case-Shiller Composite 10 and S&P/Case-Shiller Composite 20 fell 0.2% in November. Chart 1. S&P/Case-Shiller Composites Chart 2. S&P/Case-Shiller Composites Percent Change
Existing Home Sales Fall
Existing home sales fell 16.7% in December. Chart 1. Existing Home Sales
Consumer Confidence & Home Prices
Belisarius has a quite severe case of cold, so light posting today. Consumer confidence for December came out at 53 vs. 52.9 consensus and 49.5 prior reading. S&P/Case-Shiller Home Price Indices came out flat. Since the indexes are three month rolling averages, fatigue in house price recovery is evident. Chart 1. S&P/Case-Shiller Home Price Indices
Citgroup Equity Offering Becoming A Correction Catalyst?
Asia closed negative today, Europe is trading also negative -0.5% on average. After I started began to doubt my calls on TARP repayments as a potential correction catalyst the Citigroup equity offering has turn out to be full blown fiasco. The offering was priced yesterday at $3.15 per share, a 20+ percent lower the share […]
U.S. Housing Inventory
I lot of optimism on housing inventory backlog coming down to 7 months supply. A view from David Rosenberg of Gluskin Sheff + Associates: So, while this data may well show that the inventory backlog has come down to what seems to be a respectable 7 months’ supply, we also know from the U.S. Census […]
U.S. Housing – Strenght or a Relapse?
Existing Home Sales came at level of 6.2 million vs. 5.7 million consensus and 5.6 million level the month before. Positive figure courtesy of late extension of first time home buyer tax credit (closing required by November) and record low mortgage rates. Chart 1. Existing Home Sales Looking back to the last’s week housing data […]