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[…]

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September 2012 Rally Fades Further After Good Housing Market News – Again

September 2012 Rally Fades Further After Good Housing Market News – Again Stocks slid further again today as investors maintained caution regarding Europe even though housing data in the U.S. was a positive-mixed bag.  New home sales kept close to two-year highs for the month of August but fell 0.3 percent to 373,000 when seasonally[…]

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New Home Sales Down By 8.4 Percent June 2012, Is QE3 Coming Next Week?

New Home Sales Down By 8.4 Percent June 2012, Is QE3 Coming Next Week? -It should. The housing market has been making a comeback recently but our analysis shows that in the long run, the homes will suffer from high unemployment and low income growth.  The U.S. Commerce Department said today signed contracts to purchase new homes[…]

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New Home Sales Increase April 2012 Plays Backseat To EU Summit Speculation As Markets Rally

New Home Sales Increase April 2012 Plays Backseat To EU Summit Speculation As Markets Rally: New home sales increased in April giving more fodder to those who suggest the housing market is improving.  The increase in new home sales was largely overshadowed by European stress syndrome and related speculation that Greece would be leaving the[…]

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Initial Jobless Claims Rise for week of Jan 24, 2012, Durable Goods Orders Increase and New Home Sales Fall in December 2011

Initial Jobless Claims Rise for week of Jan 24, 2012, Durable Goods Orders Increase and New Home Sales Fall in December 2011: Jobless claims fall marginally. Initial jobless claims rose but not by much.  Claims for initial unemployment benefits rose for the week ended January 21, 2012 the Labor Department said today.  Applications for benefits[…]

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[…]

Two Reasons Why New Home Sales Were Down 2.3 Percent In August

New Home Sales Down 2.5 Percent: The data for the housing sector has been mixed- negative. Existing home sales were up for the month of August while home builders saw a drop in activity.  New home sales fell in August by 2.3 percent the Commerce Department said today.  New home sales for August remain below[…]

July New Home Sales Down 0.7 Percent: One Way To Improve Them

July New Home Sales Down 0.7 Percent: One Way To Improve Them: Shorter real estate short sale/foreclosure purchase periods times could increase new home sales – decrease excess inventory. New home sales fell in July continuing the trend of negative housing related news.  New home sales fell by 0.7 percent which was more than most[…]

Commerce Department: New home sales in February hit record lows

Commerce Department: New home sales in February hit record lows. The Commerce Department said Wednesday that new home sales fell to record lows in February.  Home prices fell to 2003 levels on average to 202,000 while home sales fell by the lowest level on record.  The housing market has not rebounded yet and home sales[…]

When Renting Isn’t the Best Option

Homes Sales Rise: Case Shiller – The Rent Debate New Homes sales rose in September.  This is the second month in a row that new home sales have increased.  New purchases rose 6.6 percent to 307,000 annually and exceeded the forecasts of economists surveyed by Bloomberg News.  The Commerce Department report today shows the effects[…]