January NAHB Housing Market Index At 16
Housing Market Index for January was reported at 16, unchanged from October. Consensus was at 17
Nothing improving in housing-land..
Archive for the ‘U.S. Housing’ Category
Ceridian-UCLA Pulse of Commerce Index Rose 2.4% In December
The Ceridian-UCLA Pulse of Commerce Index rose 2.4% in December after rising 0.4% in November.
U.S. Construction Spending Rose 0.4% In November
U.S. construction spending rose 0.4% November vs. 0.1% consensus and 0.7% rise in October. On year level we are at -6.0%.
Improvement, but construction spending overall stil quite weak.
Pending Home Sales Index Rose 3.5% In November
Pending home sales index rose 3.5% In November vs. revised rise of 10.1% in October. On year level, the index is down 4.9%.
Generally rising pending home sales are positive for the economy, but currently and until excess unsold housing inventory is cleared rising pending home sales index mean more foreclosed homes are being sold at depressed prices which is a sign of additional pressure on home prices.
S&P/Case-Shiller Home Price Indexes Fell In October
Seasonly adjusted S&P/Case-Shiller HPI 10 city composite fell 0.9% In October; On year level 10 city index is up 0.2%.
U.S. New Home Sales At 290.000 In November
U.S. new home sales in November were reported at 290.000 SAAR vs. consensus of 300.000 SAAR and prior reading of 275.000 SAAR (revised from 283.000).
U.S. Existing Homes Sales Rose 5.6% In November
Sales of existing homes in U.S. rose 5.6% to 4.68 million units SAAR. Consensus was at 4.75 million.
MBA Mortgage Applications Down 18.6%
MBA mortgage applications fell 18.6% on back of falling refinancing due increased mortgage rates; Prior reading was a decrease of 2.3%; On year level MBA Basic Index is down 18.6%.
Moody’s/REAL National Commercial Property Index Rose 1.3% In October
Moody’s/REAL National Commercial Property Index rose 1.3% in October and it is now running at +3.2% y-o-y.
U.S. Housing Starts Rose 3.9%; Number Of Building Permits Issued In The U.S. Fell 4.0%
U.S. housing starts in November rose 3.9% to 555.000 vs. revised (15.000 higher) 534.000 October reading. The consensus was at 550.000. On year level U.S. housing starts are down 5.8%.
November NAHB Housing Market Index At 16
Housing Market Index for October was reported at 16, unchanged from October. Consensus was also at 16.
MBA Mortgage Applications Down 0.9%
MBA mortgage applications fell 0.9%; Prior reading was a decrease of 16.5%; On year level MBA Basic Index is down 9.3%.
MBA Refinancing index fell -1.4%; Prior reading was a decrease of 21.6%; On year level MBA Refinancing Index is down 8.0%.
MBA Purchase Index rose 1.8%. Prior reading was in increase of 1.1.%; On year level MBA Purchase Index is down 12.7%.
Pending Home Sales Index Rose 10.4% In October
Pending home sales index rose 10.4% in October vs. fall of 1.8% in September. On year level, the index is down 20.6%,
U.S. Construction Spending Rose 0.7% In October
U.S. construction spending rose 0.7% October vs. -0.4% consensus and revised (down -0.2%) 0.7% rise in September. On year level we are at -9.3%.
Revisions are so big that one can’t rely on this data. This is useless.
MBA Mortgage Applications Down 16.5%
MBA mortgage applications fell 16.5% on the back of declining refinancing; Prior reading was an increase of 2.1%; On year level MBA Basic Index is down 0.8%…