A no doubt incomplete roundup of housing news and some thoughts thereon. New Home Sales The Census Bureau issued their monthly report on new home sales. Sales of new single-family houses in June 2013 were at a seasonally adjusted annual rate of 497,000, according to estimates released jointly today by the U.S. Census Bureau and […]
Posts Tagged ‘new home sales’
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Rock Bottom For New Home Sales? Let’s Hope So
Posted by Tom Lindmark on June 23rd, 2010
OK, you know the gruesome numbers on new home sales. Sales down to a SAAR of 300,000 – the lowest number recorded since 1962 when the statistic started to be tracked. March and April sales revised substantially lower and months of supply zooming from 5.8 in April to 8.5 in May. From Calculated Risk, here’s […]
New Home Sales And Durable Goods Data
Posted by Tom Lindmark on August 26th, 2009
New home sales and durable goods orders were up sharply although as you shall see there is less there than meets the eye. Durable Goods I always find this number to be about the clunkiest and least reliable of the government statistics. Today’s numbers prove my point. Overall orders for durable goods in July were […]
New Home Sales Surprise On The Upside
Posted by Tom Lindmark on July 27th, 2009
New home sales surprised big time on the upside. First, let’s look at the actual news. The Census Bureau reports that new home sales for June were 384,000, an 11% increase over May sales of 346,000. New home sales were 21.3% below the results for June 2008 of 488,000 homes sold. The inventory of new […]
Good News On Durable Goods Not Such Good News On New Home Sales
Posted by Tom Lindmark on June 24th, 2009
I guess the meme that said we need to see housing rebound before we really start pulling out of the recession has been put on the shelf. A lackluster new home sales report for May was overshadowed by the durable goods report. The news is pushing up equities across the board. Here is the news […]
A Bit Of Good Economic News
Posted by Tom Lindmark on March 25th, 2009
A little more good economic news this morning. New home sales rose from an annual rate of 322,000 in January to 337,000 in February. Though this represents a 4.7% month over month increase it’s important to keep in mind that this is still an abysmally low number of sales. In fact, it is the second slowest month on record, January having […]
Economists’ Thoughts On Today’s News
Posted by Tom Lindmark on February 26th, 2009
Here are some thoughts on the various pieces of this morning’s economic news from the WSJ Real Time Economics blog. Jobs The labor market looks even worse than our already weak read. Initial jobless claims increased to 667,000, easily the high for the cycle, and a break higher from the 630,000 range they had sat […]
