17 Sep 2015

Housing Starts Lately Growing Much Faster Than New Home Sales

by | posted in: Economy | 0

Later this morning, August’s housing starts will be released.  In recent months, momentum has picked up.  July was 1.21 million units (at a seasonally adjusted annual rate) – the highest since 1.26 million in October 2007. In non-recessionary periods, it … Continued

25 Aug 2014

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

by | posted in: Credit, Economy | 0

There was a lot of excitement last week when housing starts/building permits data were released for July.  Starts surged 15.7 percent month-over-month and 21.7 percent year-over-year to 1.1mn units (seasonally adjusted annual rate).  Multi-family (five units or more) easily outran … Continued