Sales Nowhere Near Bubble Highs – Several Other Housing-Related Metrics Into Record Territory

posted in: Economy | 0

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

Limited Supply Of Homes Behind Price Acceleration – Inventory Inching Higher

posted in: Uncategorized | 0

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 Up 33% Post-Election, Bulls Defend Crucial Trend Line Support – Momentum Slowing

posted in: Economy, Equities, Technicals | 0

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

Range Bound ITB Reflects U.S. Housing Muddle Through

posted in: Economy, Equities, Technicals | 0

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