From the sales point of view, U.S. housing remains way below the bubble highs of a decade ago, but several other metrics have pushed into record territory. November’s existing home sales were published this week. They were up 5.6 percent … Continued
Interesting dynamics are at play in U.S. housing. Sales of both existing and new homes are decent, but price has galloped ahead. Add to that household formation and supply of homes, housing could very well be at an interesting juncture. … Continued
ITB, the iShares U.S. home construction ETF, has posted seven straight positive months. The rally began last November – post-election. Momentum is not broken, but is not in acceleration either. May was essentially unchanged – up 0.25 percent – with … Continued
Sales of existing homes collapsed 10.5 percent month-over-month in November, to a seasonally adjusted annual rate of 4.76 million units. This was the first time since February this year sales came in below five million. November sales were nearly 15 … Continued