Page 5 - Housing Data News Today

Slowdown. where is it? thats the debate. >> do we have the right sort of metrics to measure the economy coming out of covid? are we using old analytics to -- for something that is different? >> you are right about that. the fed is taking a lot of criticism specifically around housing. the housing data is 18-month-old as it goes into the cpi numbers. when you talk about inflation and keep fighting inflation with more hikes, its because you are not taking into account that housing prices are flatt...

Read about how the National Association of Realtors’ Pending Home Sales Index increased 2.5% on a month-over-month basis to a reading of 76.9 in December.

Weakest year since 2014. high prices and mortgage rates kept buyers out of the market but economists expect sales will ramp up again as mortgage rates fall. looking at markets around the world, european markets have opened higher, theyre up. asian markets are closed for the lunar new year holiday. on wall street, stock index futures are barely mixed here. the dow and the s&p look to try to bounce back after the first weekly declines of the new year. tech heavy nasdaq finished higher notching t...

Lower. theyre going to reopen this week following the mlk holiday. big bank earnings out. goldman sachs, morgan stanley. on inflation walk, gas prices rose one penny at $3.33 a gallon. a busy economic week ahead. critical report on retail sales, housing data and consumer pricing will be released this week. the series of storms pounding california follows three years of megadrought. many farms will only see limited benefits from all of this rain. many will suffer crop losses because the soil ca...

Prevent a fifth straight day of losses. the dow and the s&p and nasdaq mostly flat yesterday. home building pull back as they face spiking rates. november housing starts down more than 15% up from a year ago. housing data. on inflation watch, gas prices fell a penny overnight now at $3.11 a gallon. data on consumer confidence out today. back to your christmas dinner, it will cost 16% more this year. lets bring in nathanial meyerson. whats more expensive? >> just about everything. ham is up 7.8...

This, the cooling continues. u.s. single family home building tumbling to a 2 1/2 year low in november. permits for future construction plunged 11%. we got this report from the commerce department on the heels of home builder confidence and a reading there yesterday where we saw that fall to a record -- for a record 12th month in december. residential investment continuing to contract. housing is in a recession. thats something we were told last hour here. the housing data is disconnected or lag...

Stock futures edge higher after brutal five-day selloff; Week Ahead: housing data, Nike, FedEx in focus; Tesla jumps as Musk says he may step down as Twitter CEO; Sam Bankman-Fried reportedly wont fight extradition to the United States and Aerojet Rocketdyne agrees $4.7 billion takeover by L3Harris.

Falling home prices are offsetting some other affordability constraints like high mortgage rates. They may be the break you've been waiting for.

As the fight against inflation intensified. the fed has raised interest rates five times this year and made history with three gigantic hikes in a row. >> we have got to get inflation behind us. i wish there were a painless way to do that. there isnt. we have to get supply and demand back into alignment. and the way we do that is by slowing the economy. >> you can see it in mortgage rates, which have doubled this year. freddie mack says the 30-year fixed rate mortgage hit 38-- an the fed vowed t...

Federal Reserve rate hikes are piling the pressure on the US's hugely expensive housing market, with sales tumbling and inventory shooting higher.