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Posts Tagged ‘ July ’

Weekly Update: Housing Tracker Existing Home Inventory up 13.6% YoY on July 7th

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Weekly Update: Housing Tracker Existing Home Inventory up 13.6% YoY on July 7th

Here is another weekly update on housing inventory … There is a clear seasonal pattern for inventory, with the low point for inventory in late December or early January, and then usually peaking in mid-to-late summer. The Realtor (NAR) data is monthly and released with a lag (the most recent data released was for May).  However...
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Lawler: Early Look at Existing Home Sales in July

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Lawler: Early Look at Existing Home Sales in July

From housing economist Tom Lawler: Based on local realtor association/board/MLS reports I have seen across the country, I estimate that existing home sales as measured by the National Association of Realtors ran at a seasonally adjusted annual rate of 5.33 million in July, up 4.9% from June’s disappointing pace. Local data indicate that existing...
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DataQuick: SoCal Home Sales “Jump” in July, Fewest Foreclosures since 2007

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DataQuick: SoCal Home Sales “Jump” in July, Fewest Foreclosures since 2007

CR Note: So far the regional data suggests a strong increase for existing home sales in July. If so, my guess is there was a rush to close while buyers had mortgage rates locked in – and sales will decline in August. From DataQuick: Southland Home Sales Jump in July Southern California home sales surged in...
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NMHC Survey: Apartment Market Conditions Tighten slightly in July

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NMHC Survey: Apartment Market Conditions Tighten slightly in July

From the National Multi Housing Council (NMHC): Second Quarter Apartment Markets Mixed in Latest NMHC Survey While demand for apartment homes remained strong, rising interest rates exerted negative pressure on the industry’s ability to secure debt financing according to the National Multi Housing Council’s (NMHC) July Quarterly Survey of Apartment Market Conditions. Only the...
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Weekly Update: Existing Home Inventory is up 18.4% year-to-date on July 22nd

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Weekly Update: Existing Home Inventory is up 18.4% year-to-date on July 22nd

Weekly Update: One of key questions for 2013 is Will Housing inventory bottom this year?. Since this is a very important question, I’m tracking inventory weekly in 2013.  There is a clear seasonal pattern for inventory, with the low point for inventory in late December or early January, and then peaking in mid-to-late summer. The Realtor...
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DOT: Vehicle Miles Driven decreased 0.3% in July

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DOT: Vehicle Miles Driven decreased 0.3% in July

The Department of Transportation (DOT) reported today: Travel on all roads and streets changed by -0.3% (-0.8 billion vehicle miles) for July 2012 as compared with July 2011. Travel for the month is estimated to be 258.3 billion vehicle miles. Cumulative Travel for 2012 changed by +0.9% (14.8 billion vehicle miles). The following graph...
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Zillow forecasts Case-Shiller House Price index to show 1.6% Year-over-year increase for July

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Zillow forecasts Case-Shiller House Price index to show 1.6% Year-over-year increase for July

Note: The Case-Shiller report to be released next Tuesday is for July (really an average of prices in May, June and July). Zillow Forecast: July Case-Shiller Composite-20 Expected to Show 1.6% Increase from One Year Ago On Tuesday, Sept. 25, the Case-Shiller Composite Home Price Indices for July will be released. Zillow predicts that...
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ATA Trucking index unchanged in July

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ATA Trucking index unchanged in July

From ATA: ATA Truck Tonnage was Unchanged in July The American Trucking Associations’ advanced seasonally adjusted (SA) For-Hire Truck Tonnage Index was unchanged in July after increasing 1.1% in June. (June’s gain was slightly smaller than the 1.2% increase ATA reported on July 25.) In July, the SA index stayed at 118.8 (2000=100). Compared...
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New Home Sales increase in July to 372,000 Annual Rate

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New Home Sales increase in July to 372,000 Annual Rate

The Census Bureau reports New Home Sales in July were at a seasonally adjusted annual rate (SAAR) of 372 thousand. This was up from a revised 359 thousand SAAR in June (revised up from 350 thousand). Sales in May were revised down. The first graph shows New Home Sales vs. recessions since 1963. The...
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Final July Consumer Sentiment at 72.3

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Final July Consumer Sentiment at 72.3

Note: I’ll have more on GDP soon. Click on graph for larger image. The final Reuters / University of Michigan consumer sentiment index for July increased to 72.3 from the preliminary reading of 72.0, and was down from the June reading of 73.2. This was slightly above the consensus forecast of 72.0 and the...
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