June 2013 New Home Sales Data Flattens Equities

Did Bernanke Really Put The Brakes On The Housing Market? Sometimes good news is bad news, especially when it suggests Ben Bernanke and the FOMC could start tapering sooner than later.  Today’s housing data showed the market is in good health with new contracts nearing May 2008 levels. U.S. new home sales in June 2013[…]

s&p 500 vs oil three months ended june 27 2012

Oil Rises As Market Rebounds On U.S. Housing Data, EU Summit June 2012 No News

Oil Rises  As Market Rebounds On U.S. Housing Data, EU Summit June 2012 No News: U.S. stocks rebounded from recent lows as short-term bullishness dominated market sentiment today based on  technical indicators suggesting oversold conditions.  The June EU Summit 2012 yielded no new major outcomes and investors bought stocks based on some positive U.S. housing[…]

Home-Construction

Stock Market Hits 2012 Year Highs On February 11 Jobless Claims and January Housing Data

Stock Market Hits 2012 Year Highs On February 11 Jobless Claims and January Housing Data: Unemployment benefits claims fell for the week ending February 11, 2012. Initial jobless claims fell 13,ooo to 348,000 which is more evidence that the labor market is improving.  New claims for jobless benefits fell to the lowest level since March[…]

Case Shiller Shows Home Prices Rising

Case Shiller Shows Home Prices Rising: Housing prices rise for fourth month in a row. The Case Shiller Index was released today for the month of July and the data shows home prices are rising.  It’s the fourth time in as many months that prices rose and it occurred during the peak buying season.  Prices[…]

August Home Building Declines: Is It Time to Revise Economic Growth Estimates?

August Home Building Declines: Is it time to revise economic growth estimates? The housing sector is still in retreat mode.  The Commerce Department said today that housing starts declined by 5 percent to a seasonally adjusted 571,000 homes for the month of August.   Home building reached a 3 month low and the housing market showed[…]

Sept. 2011 Data In Focus This Week: How’s Housing?

Sept. 2011 Data In Focus This Week:  How’s Housing? This week will be important for understanding how the housing sector is recovering.  Several data points will be released this week that will help economists and analysts decide if housing will continue to suffer from sluggish growth.  The housing market has not yet recovered from the[…]

July Housing Starts Off 1.5 Percent

July Housing Starts Off 1.5 Percent. The housing sector has had a dismal summer. Housing starts fell 1.5 percent to an annualized rate of 604,000, the Commerce Department said today. The new data from the housing sector confirms overall economic weakness and shows housing may not be coming back anytime soon. Building permits also dropped[…]

5 Economic Data Points To Watch Next Week

The Major Averages Finish the Week with 2 Consecutive Up Days: Volatility Spikes: 5 Economic Data Reports to Look Out for Next Week(8/15/2011-8/19/2011). The Dow Jones Industrial Average finished the week close to Monday’s highs fell after Tuesday’s monetary policy statement from the Fed.  The Dow recovered from its lows on Tuesday – Wednesday and[…]

Initial Jobless Claims Rise Marginally: Housing Economic Data Positive

Unemployment benefits rise by 26,000. Housing Market Stronger – Mortgage Rates Rise The Labor Department reported today that jobless benefits claims rose last week by 26,000.  The number of people applying for initial jobless benefits is now seasonally adjusted at 436,000.  Last week, the four- week moving average which is watched closely by economists and[…]

Consumers, Housing and Double Dip?

Housing market and the Double Dip? New housing market data showed yesterday that the sector is still weak. The U.S. Commerce Department reported new-home buying fell in July to record lows as inventories increased. Home sales fell 12.4% from the prior month to a seasonally adjusted annual rate of 276,000.  This decline was unexpected and[…]