Housing Stats
The difference a year makes.
Recent data quantify the housing cool-down (year-over-year changes).
Builders' sentiment -52.2%
New-home sales -21.6%
Purchase-mortgage applications -20.9%
Building permits -20.8%
Housing starts -13.3%
Existing-home sales -11.2%
Existing-home inventories +39.9%
New-home inventories +22.4%
"What about the slide in housing?" The housing situation doesn't look good to me, and maybe that's why we seeing the non-confirmation in the stock Averages. But the banks are holding up, Fannie Mae and Freddie Mac have been rallying, and you'd think if we were on the edge of a housing crisis, they'd be heading south, not north.
Recent data quantify the housing cool-down (year-over-year changes).
Builders' sentiment -52.2%
New-home sales -21.6%
Purchase-mortgage applications -20.9%
Building permits -20.8%
Housing starts -13.3%
Existing-home sales -11.2%
Existing-home inventories +39.9%
New-home inventories +22.4%
"What about the slide in housing?" The housing situation doesn't look good to me, and maybe that's why we seeing the non-confirmation in the stock Averages. But the banks are holding up, Fannie Mae and Freddie Mac have been rallying, and you'd think if we were on the edge of a housing crisis, they'd be heading south, not north.
posted by Dr. Jeff Lazarus MD at 11:56 AM
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