US New Home Sales in February were 775K vs 870K expected and down from prior 923K. Sales -18.2% vs -5.7% expected to the lowest in 9 months. The Midwest sales fell 37.5% with extreme cold weather however all regions fell back so weather was not the only negative impact.
US Existing Home Sales Highest Since 2006, Supply Lowest Since 1982
US Existing Home Sales in September 6.54 million much stronger than the expected up 9.4%% (est 5.0%; prev R 2.0%). This was the highest since 2006 at 6.30 million and previous (revised) 5.98M million. At 2.7m supply is the lowest since 1982
US Existing Home Sales Show Shift In Housing Desires Since Covid and Protests
US existing home sales for June were 4.72M v. 4.75M estimate. However the highlight was condominium sales soared by 29.4%, Hhousing inventory -18.2% from a year ago with huge jumps in the South and West
New Home Sales for April Surprise With Rise But Median Price Falls
New home sales for April surprise with a much higher 623K versus a 480K estimate, that is a 0.6% vs. -23.4% estimate. This follows a revised 619K in March. May will be watched to see how many contracts are completed due to the Covid Lockdown.
NAHB Index Shows Housing Market Stabilizing After Record Dump
NAHB housing market index for May 37 is up from 30 last month and a 35 estimate. For the year it is -29 from -33 last month.
U.S. Pending Home Sales Fall Sharply in Largest Decline Since May 2010
US pending home sales fell a sharp -4.9% v +0.5% estimates, in contrast to December existing home sales rising to 5.54M v 5.43M expected. Mortgage data has been volatile but stronger in late 2019 flowing onto housing as the stockmarket hit all time highs.
U.S. Existing Home Sales Rise as Stockmarkets Ht All Time Highs
US existing home sales rose to 5.54M v 5.43M expected and the prior 5.35M, up +3.6%% v +1.5% expected. Mortgage data has been volatile but stronger in late 2019 flowing onto housing as the stockmarket hit all time highs.
Home Depot Analyst Update On Home Improvement Sales
Home Depot dissappointed with it’s three quarter earnings report, sending $HD down over 5%, no mean feat with $SPX and $DJIA at ATH. The Home Depot analyst update thus has low analyst expectations.
American Household Wealth Grows $1.83 Trillion to New Record High
Americans household wealth hit record highs in the second quarter of 2019. Stock prices are near record highs after the Federal Reserve have cut rates and investors ignore global economy slackness from the trade war and Brexit.
American Household Wealth Grows $2.19 Trillion to New Record
Property and stock prices have recovered after losing 3.7% in the last quarter after the Federal Reserve changed tact on rates. The move pushed Americans household wealth to record highs with a gain of 4.5% in the first quarter of 2019..