U.S. household real estate has come a long way. Back in 2Q06, the market value of U.S. household real estate peaked at $22.7 trillion, before coming under sustained pressure after the bubble burst. Amazingly, in the next five years, it … Continued
Next week brings three important housing-related data points: the NAHB/Wells Fargo housing market index (September), existing home sales (August), and housing starts (August). In July, starts rose 2.1 percent month-over-month to a seasonally adjusted annual rate of 1.21 million units, … Continued
There probably is an air of excitement among U.S. housing bulls – particularly the technically oriented ones. Sales of both new and existing homes have broken out of recent ranges. In June, new homes rose 3.5 percent month-over-month to a … Continued
Next week’s economic calendar is housing-heavy. Monday brings the NAHB/Wells Fargo housing market index for July, Tuesday housing starts for June, and Thursday existing home sales for June. Builder sentiment remained stuck at 58 for four months through May, before … Continued
This week, May’s existing and new home sales data come out – on Wednesday and Thursday, respectively. In April, the former rose 1.7 percent month-over-month to a seasonally adjusted annual rate of 5.45 million units, and has essentially gone sideways … Continued
ITB, the iShares Home Construction ETF, has broken out. Support at $26 goes back to May 2013, and was defended several times during late April and early June. Since late April, ITB had also been trading within an ascending channel. … Continued