Mike Larson - Weiss Research expert on housing, interest rates, mortgages, and consumer finance.

From the monthly archives:

March 2010

How did the new home market perform in February? Glad you asked. Here are details from the Census Bureau …
* New home sales dipped 2.2% to a seasonally adjusted annual rate of 308,000 in February from an upwardly revised 315,000 in January. That was slightly below forecasts for a sales rate of 315,000 and the [...]

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Housing starts and permits data for February just hit the tape. Here’s a recap of the numbers:
* Housing starts fell 5.9% to a seasonally adjusted annual rate of 575,000 in February, which sounds worse than the -3.6% forecast. But the January starts figure was revised up to 611,000 from 591,000 and the raw number that economists [...]

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NAHB index falls in March

by Mike Larson on March 15, 2010

in Economy, Housing Market, Real Estate

The National Association of Home Builders just released its latest report on the housing industry. The overall index fell to 15 in March from 17 in February. Among the subindices, the index tracking present sales declined to 15 from 17, while the index measuring perceptions about future sales dropped to 24 from 27. Those figures [...]

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The pending home sales figures for January just hit the tape. Here’s a recap:
* Sales dropped 7.6% between December and January. That compared to the 1% gain that economists were expecting.
* At 90.4, the index was up up 12.4% from the year-ago level of 80.4.
* By region, pendings fell across the board. They slipped 2.1% [...]

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