From the category archives:
August new home sales figures inched higher, but only because of revisions. The raw number of sales missed forecasts. Details below …
* New home sales rose 0.7% to a seasonally adjusted annual rate of 429,000. But the “increase” stemmed from a downward revision to July’s number (to 426,000 from 433,000). Sales missed the average forecast [...]
{ 2 comments }
The August existing home sales figures were just released. Here’s what the numbers looked like:
* Existing home sales fell 2.7% to a seasonally adjusted annual rate of 5.1 million units from 5.24 million in July. That was below the 5.35 million units that economists were expecting.
* Single-family sales dropped 2.8%, while condo and cooperative sales [...]
{ 2 comments }
We just got the latest data on home construction. Here’s a recap of what they showed:
* Overall housing starts climbed 1.5% to a nine-month high of 598,000 in August from 589,000 in July. That was exactly in line with the average forecast of economists. Building permit activity rose 2.7% to a seasonally adjusted annual rate [...]
{ 0 comments }
The National Association of Home Builders released its latest batch of data on housing market conditions this afternoon …
* The overall index rose to 19 in September from 18 in August. That matched the average forecast of economists polled by Bloomberg. It was the highest this index has been since May 2008.
* What about the [...]
{ 1 comment }
There’s more economic data than you can shake a stick at today. So forgive me for being a bit behind in updating.
Besides pending home sales, we learned that construction spending dropped 0.2% in July. That missed expectations for a flat reading; moreover, June’s number was revised down to +0.1% from +0.3%. Private residential spending rose [...]
{ 0 comments }
The National Association of Realtors released its data on pending home sales today. Here’s what the numbers looked like …
* Pending home sales climbed 3.2% in July. That was more than double the 1.5% gain that economists were expecting.
* On a year-over-year basis, the pending sales index was up 12.1% to 97.6 from 87.1. That’s [...]
{ 0 comments }
* New home sales surged yet again, by 9.6% to a seasonally adjusted annual rate of 433,000 from an upwardly revised 395,000 in June. That was better than the average forecast of economists polled by Bloomberg, who were expecting 390,000 sales. Regionally, sales gained in three out of four areas of the country. They rose [...]
{ 6 comments }
The latest figures from S&P/Case-Shiller show home prices continuing to fall, but at a steadily declining rate. The year-over-year change in home prices in 20 top metropolitan areas was -15.4% in June, down from -17% a month earlier and better than the forecast of -16.4%. Prices are still falling in all 20 metropolitan areas, with [...]
{ 0 comments }
The latest batch of housing figures just hit the tape and boy were they a doozy …
* Existing home sales shot up 7.2% to a seasonally adjusted annual rate of 5.24 million units from 4.89 million in June. That was way hotter than the 5 million units that economists were expecting. It’s also the highest [...]
{ 1 comment }
The Mortgage Bankers Association released data on second quarter mortgage delinquencies and foreclosures this morning. Here’s what we learned:
* The overall mortgage delinquency rate inched up to 9.24% in Q2 2009 from 9.12% in Q1 2009 and 6.41% a year earlier. At the risk of sounding like a broken record, this is yet another record [...]
{ 1 comment }
