From the monthly archives:
We just got figures on the new home market in May. Here’s a recap:
* New home sales collapsed a whopping 32.7% in May after jumping 14.7% in April. That left the seasonally adjusted annual rate at 300,000, compared with a revised 446,000 in April and a consensus forecast of 410,000. That is the lowest level [...]
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Existing home sales figures for May were just released. A recap can be found below …
* Existing home sales fell 2.2% to a seasonally adjusted annual rate of 5.66 million in May from 5.79 million in April. That was far worse than forecasts for a sales rate of 6.12 million, and comes on the heels [...]
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The National Association of Home Builders reported its latest figures on home builder optimism — and they were plum ugly. The headline index tanked to 17 in June from 22 in May. That was far worse than the 21 reading that economists were looking for.
All three sub-indices fell: The index tracking present sales dropped to [...]
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