June Softness In New Home Sales Preceded By Price Surge — Similar Fate Awaiting Existing Homes?

posted in: Economy | 0

There is a dichotomy between U.S. sales of new and existing homes.  This has been preceded by a dichotomy between how their median prices were diverging from each other. June saw existing homes jump to a seasonally adjusted annual rate … Continued

U.S. Home Prices Have More To Thank Supply Than Demand For Rapid Rise

posted in: Credit, Economy | 0

Of late, momentum in U.S. sales of both new and existing homes Post-bubble burst, price has appreciated much faster than sales improvement Builders express optimism but are cautious in starting construction; inventory well-behaved The upward pressure on U.S. home prices … Continued

Using Options To Play ITB’s Inability To Cash In On Week’s Good Housing Data

Over the past couple of days, U.S. housing produced two good reports for the month of May. Monday, existing home sales were published, coming in at a seasonally adjusted annual rate of 5.35 million units – up 5.1 percent month-over-month … Continued

June Jump In U.S. Builder Sentiment Versus Recent Spike In Mortgage Rates

posted in: Credit, Economy, Equities, Technicals | 0

U.S. home builder sentiment in June jumps, to match post-bubble high of last September Recent spike in interest rates, if sticks, potentially shot across housing bow ITB acts tentative, but has not given up on crucial 26 support U.S. home … Continued

U.S. Housing Data Mixed: Home Construction ETF (ITB) In Focus

posted in: Economy | 0

This week is perfect to be discussing U.S. housing dynamics as the March sales numbers for existing and new homes were just published.  The report was mixed.  Sales of existing homes rose 6.1 percent to an annual rate of 5.19 … Continued

Bond vigilantes vs. Fed: Who is calling whose bluff and where it might lead

posted in: Credit, Currency, Economy, Technicals | 0

U.S. bond market and Fed lock horns as relates to trajectory of short rates Fed continues to drop hints it is ready to lift rates off near-zero levels Should that come to pass, it has potential to help vigilantes’ case … Continued