U.S. sales of new homes yet to catch up with ebullient builder sentiment, Part Two

posted in: Credit, Economy | 0

The piece yesterday on U.S. housing was based on June’s numbers.  New-home sales data came out yesterday, and it was anything but encouraging.  Year-over-year, sales (seasonally adjusted annual rate) rose 12.2 percent but fell 2.4 percent month-over-month.  The latter helps … Continued

Dynamics behind plummeting U.S. home ownership and rental reliance

posted in: Credit, Economy | 0

Sales of new homes are struggling to maintain their earlier momentum.  The three-month moving average flat-lined for nearly a year before peaking at 448k (SAAR) in January this year.  Those for sale (supply) has been gradually inching up as well … Continued