Page 9 - Housing Data News Today

Moment and europe is higher. so looks like youll get a reasonable start back from memorial day. worth pointing out some housing data and consumer confidence data for may so keep an eye on these points. we have had a big european election here as you know. there has been a pickup in support for right wing parties at the fringe and especially those who are anti-the european union construct. that though not expected to have a big impact on the markets. its a lot about politics, a lot of politicians...

Have a few more records. the dow had another very good week last week gaining 257 points on the week and its about 1.6%. the dow for the year is up 26%. nasdaq 38%. s&p 500 up 29%. best year for stocks since 1996 or 1997. a lot of people looking at their 401(k)s and very happy about what they see. internet and social media companies are showing some of the biggest gains of the year. facebook is up more than 100% this year. google up, wow, nearly 60% and topped a thousand dollars a share. netflix...

Each piece of housing data so critical because this has been a bright spot in the economy. let me show you quickly the trend here for housing starts. again, this is construction of new homes. how are home builders feeling? are they getting access to credit? do they feel -- do they feel solid enough about the economy that theyre willing to spend all this money to break ground? thats what you can see the trend here, not as rich as it was in the earlier part of the year. heres what were watching cl...

Housing data. average americans may be getting priced out. in the second quarter, luke at this, nearly two-thirds of homes were affordable for families making $62,000 a year. thats the median income. you can see how that affordability is falling. next, the labor market. ne nearly 5.2 million net jobs were created since the recession four years ago but look at what was lost? mostly middle wage jobs and jobs were creating, mostly lower wage positions. it costs 2 frown,0$41,000 to ra child. and tha...

And shocking news from british police. they have been given new information about the death of princess diana, the latest on what we know coming up at 3:0 eastern time. from the american dream to americas reality. millions still feel like they are missing out on the recovery. so when will it be their turn? christine romans has answers. "your money" starts now. the american dream, happiness and prosperity. a house, a great job, maybe a couple of kids and time to enjoy it all. the great recess...

Steps for getting the government out of the housing market not entirely but to a large degree will help insulate taxpayers, help protect us? >> this is a big question. it leaves a lot of liable for the government if theres an enormous housing crash like the last time. the government would ensure, like the fdic with bank deposits, it would ensure that your mortgage would be okay. but the idea, the hope is that that wont happen and that the cost of the insurance will cover any future liabilities. ...

Putting it in the mattress. lets ask the experts. keith mccullough and -- lets look at facebook. are you buying in? >> i definitely wouldnt buy facebook today. if you own facebook, id take it and sell it and buy a house with it, christine. >> you would! >> yeah, i think thats the right call. people should feel comfortable in housing in particular. its supply and demand from a mortgage -- think about your mortgage payment as a percentage of your income. its at a historical low, so thats afforda...

Actually down beat housing data and also looking at upbeat earnings report from bank of america. i will have more on all of this coming up when the opening bell rings in about 20 minutes. carol? >> sure will. alison kosik, thanks so much. wt a moment last night. the major league all-star game in new york. bottom of the eighth a inning. the american league up 3-0. yeah, enter sandman future hall of famer mariano rivera entered the game to standing ovation from fans and from players from both te...

This is my favorite one. its upside down. oh, sorry. (woman vo) it takes him places hes always wanted to go. thats why we bought a subaru. (announcer) love. its what makes a subaru, a subaru. ...and we inspected his brakes for free. -free is good. -free is very good. [ male announcer ] now get 50% off brake pads and shoes at meineke. welcome back to "new day." it is money time. christine romans is here. we had a little rally yesterday. futures are solidly higher. a 101-point gain on the dow....

Were going to get housing data today. i expect this housing data is going to be strong, it will show well see home sales improve, home prices improve, that should be great. im not sure how the stock market is going to react though. >> its a funny place were in. >> dow futures up 60 points. >> thanks. so the markets not so hot but the rest of the country incredibly hot. coast to coast, hot, sticky weather because we have the first heat wave of the summer, for some part of the country it might b...