From the monthly archives:
Yesterday’s existing home sales report was pretty good. Now here’s what the new home market looked like …
* New home sales exploded to the upside, soaring 26.9% in March. That’s good for a seasonally adjusted annual rate of 411,000 in March, compared with an upwardly revised 324,000 in February. That was also a blow out [...]
{ 2 comments }
The latest figures on existing home sales were just released by the National Association of Realtors. Here is what the numbers showed …
* Existing home sales popped 6.8% to a seasonally adjusted annual rate of 5.35 million in March from 5.01 million in February. That was slightly better than forecasts for a sales rate of [...]
{ 2 comments }
We just got the latest look at housing starts and building permits for the month of March. Here’s a recap:
* Housing starts rose 1.6% to a seasonally adjusted annual rate of 626,000 from an upwardly revised 616,000 in February. That was ahead of the average forecast of 610,000 units and it leaves starts at the [...]
{ 5 comments }
The National Association of Home Builders released its April sentiment index earlier this afternoon. The index surged to 19 from 15 in March. That easily topped the 16 forecast of analysts and it’s the highest reading since September 2009. You have to go all the way back to April 2008 to find a higher reading.
Among [...]
{ 2 comments }
The spring home selling season is getting underway. So how are pending sales tracking? According to the National Association of Realtors …
* Sales surged 8.2% between January and February. That was much better than the unchanged reading that economists were expecting and the single-biggest monthly rise since October 2001.
* At 97.6, the pending sales index [...]
{ 0 comments }
