The rise in supply of new homes is coming amidst relatively soft sales, inflated prices and now rising mortgage rates. Concurrently, builder sentiment is off its high but remains elevated, even as ITB is below potentially crucial $66. Sales of … Continued
The US Economy is humming along, as was evident in several data points this week. Small-caps, which have larger exposure to the domestic economy versus their larger-cap cousins, bounced off of months-long rectangle support. But they are well off their … Continued
US housing increasingly is in the midst of strange dynamics, one hurting the economy and the other potentially helping. Home sales have weakened since reaching a cycle high last November, but this has not much impacted the price. In June, … Continued
Relatively speaking, U.S. housing is going strong, with price being the major risk. Monthly data tend to be volatile. At a seasonally adjusted annual rate in August, sales of existing homes dropped 4.8 percent month-over-month to 5.31 million units, even … Continued