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Posts Tagged ‘ housing ’

Housing and Recessions

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Housing and Recessions

Following the recent bounce back in some of the housing reports, I’d like to update a couple of graphs. For the economy, what we should be focused on are single family starts and new home sales. As I noted in Investment and Recessions “New Home Sales appears to be an excellent leading indicator, and...
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Friday: Employment Report, Housing Starts, Speech Fed Chair Powell

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Friday: Employment Report, Housing Starts, Speech Fed Chair Powell

My February Employment Preview Goldman: February Payrolls Preview Friday:• At 8:30 AM ET, Employment Report for February.   The consensus is for 178,000 jobs added, and for the unemployment rate to decline to 3.9%. • At 8:30 AM, Housing Starts for January. The consensus is for 1.170 million SAAR, up from 1.078 million SAAR....
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Thursday: Housing Starts (Postponed), Unemployment Claims, Philly Fed Mfg Survey

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Thursday: Housing Starts (Postponed), Unemployment Claims, Philly Fed Mfg Survey

Thursday:• At 8:30 AM, POSTPONED Housing Starts for December. The consensus is for 1.256 million SAAR, unchanged from 1.256 million SAAR. • At 8:30 AM, The initial weekly unemployment claims report will be released. The consensus is for 220 thousand initial claims, up from 216 thousand the previous week. • At 8:30 AM, the...
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Sacramento Housing in November: Sales Down 7% YoY, Active Inventory up 23% YoY

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Sacramento Housing in November: Sales Down 7% YoY, Active Inventory up 23% YoY

From SacRealtor.org: November 2018 Statistics – Sacramento Housing Market – Single Family Homes, Median sales price increases, sales volume drops November closed with 1,304 sales, a 9.3% decrease from the 1,413 sales of September. Compared to the same month last year (1,396), the current figure is down 6.6%. Of the 1,304 sales this month,...
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Homebuilder D.R. Horton: Housing Market “Choppy”, “momentum is slipping”

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Homebuilder D.R. Horton: Housing Market “Choppy”, “momentum is slipping”

Friday:• At 8:30 AM ET, The Producer Price Index for October from the BLS. The consensus is a 0.2% increase in PPI, and a 0.2% increase in core PPI. • At 10:00 AM, University of Michigan’s Consumer sentiment index (Preliminary for November). A few comments via Bloomberg from homebuilder D.R.Horton: (HT Brian) Rising home...
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Tuesday: Case-Shiller House Prices, Q3 Housing Vacancies and Homeownership

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Tuesday: Case-Shiller House Prices, Q3 Housing Vacancies and Homeownership

From Matthew Graham at Mortgage News Daily: Mortgage Rates Stay Near Recent Lows as Busy Week Begins Mortgage rates didn’t move today, despite a fair amount of underlying market volatility. … Holding steady today means that rates remain at their lowest levels in just over 2 weeks. That sounds like a good thing, but...
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Quarterly Housing Starts by Intent

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Quarterly Housing Starts by Intent

Here is a graph I haven’t updated in some time. From the Census Bureau “Started and Completed by Purpose of Construction” through Q2 2018. This graph shows the NSA quarterly intent for four start categories since 1975: single family built for sale, owner built (includes contractor built for owner), starts built for rent, and...
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Thursday: Housing Starts, Unemployment Claims, Philly Fed Mfg

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Thursday: Housing Starts, Unemployment Claims, Philly Fed Mfg

Thursday:• At 8:30 AM ET, Housing Starts for July. The consensus is for 1.271 million SAAR, up from 1.173 million SAAR. • Also at 8:30 AM, The initial weekly unemployment claims report will be released.  The consensus is for 215 thousand initial claims, up from 213 thousand the previous week. • Also at 8:30...
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Housing comments from Soylent Green

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Housing comments from Soylent Green

Long term readers will remember mortgage broker “Soylent Green is People”. He sent me these comments on housing that I’ll pass along: “A bit of a panic is breaking out amongst my Realtor friends. Sales are down. There are more cancellations right before closings than usual. Builders are getting a few drop outs as...
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Thursday: Unemployment Claims, Durable Goods, Housing Vacancies and Homeownership

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Thursday: Unemployment Claims, Durable Goods, Housing Vacancies and Homeownership

Thursday:• At 8:30 AM ET, The initial weekly unemployment claims report will be released.  The consensus is for 217 thousand initial claims, up from 207 thousand the previous week. • At 8:30 AM, Durable Goods Orders for June from the Census Bureau. The consensus is for a 3.2% increase in durable goods orders. •...
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