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

From the monthly archives:

September 2010

The Census Bureau just released new home sales figures for last month. Here’s a look at what they showed:
* New home sales flatlined at 288,000 units in August. That was slightly below forecasts for a sales rate of 295,000 according to Bloomberg, though it’s worth noting the August sales rate was revised upward by 12,000 [...]

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Existing home sales pop in August

by Mike Larson on September 23, 2010

in Economy, Housing Market, Real Estate

We just got the latest read on the existing home market from the National Association of Realtors. Here’s what the figures looked like …
* Existing home sales rose 7.6% between July and August to a seasonally adjusted annualized rate of 4.13 million. That was roughly in line with the 4.1 million unit forecast of economists [...]

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Housing starts pop in August

by Mike Larson on September 21, 2010

in Economy, Housing Market, Real Estate

We just got the latest read on home construction, this time for the month of August. Here’s what the numbers showed …
* Housing starts jumped 10.5% to a seasonally adjusted annual rate of 598,000 units in August from a downwardly revised 541,000 units in July. Building permits increased 1.8% to a SAAR of 569,000 from [...]

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NAHB index flatlines in September

by Mike Larson on September 20, 2010

in Economy, Housing Market, Real Estate

The National Association of Home Builders just released its latest read on the state of the housing market. The group’s index flatlined at 13 in September, compared with expectations for a slight rise to 14. The subindices for present sales and future sales were both unchanged (at 13 and 18 respectively), while the subindex that [...]

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Pending home sales climb in July

by Mike Larson on September 2, 2010

in Economy, Housing Market, Real Estate

We just got the latest pending home sales figures from the National Association of Realtors. They showed that in July, pending sales rose 5.2%. That compared with forecasts for a 1 percent decline, but it still leaves sales down 19.1% from year-ago levels. By region, sales were up 6.3% in the Northeast, 4.1% in the [...]

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