New Home Sales Decrease News Today

A top ranked economics and finance blog with a focus on the housing market

A top ranked economics and finance blog with a focus on the housing market

A top ranked economics and finance blog with a focus on the housing market

A top ranked economics and finance blog with a focus on the housing market

The Census Bureau released the Residential Vacancies and Homeownership report for Q2 2021. It is likely the results of this survey were significantly distorted by the pandemic.   This report is frequently mentioned by analysts and the media to track household formation, the homeownership rate, and the homeowner and rental vacancy rates.  However, there are serious questions about the accuracy of this survey. This survey might show the trend, but I wouldnt rely on the absolute numbers. Analys...

This graph shows new home sales for 2020 and 2021 by month (Seasonally Adjusted Annual Rate). The year-over-year comparisons were easy in the first half of 2021 - especially in March and April. However, sales will likely be down year-over-year in the 2nd half of 2021 - since the selling season was delayed in 2020. And on inventory: note that completed inventory (3rd graph in previous post) is near record lows, but inventory under construction is closer to normal. This graph shows the months of ...

2my goals to stop daily posts, 37 day average for Cases, Hospitalized, and Deaths 4Cases and Deaths updated Mon - Fri KUDOS to the residents of the 16 states and D.C. that have already achieved the 70% goal: Vermont, Hawaii and Massachusetts are at 80%+, and Connecticut, New Jersey, Maine, Rhode Island, Pennsylvania, New Mexico, California, Maryland, Washington, New Hampshire, New York, Illinois, Virginia and D.C. are all over 70%. Next up are Minnesota at 69.4%, Delaware at 69.3%, Colorado ...

A top ranked economics and finance blog with a focus on the housing market

Written by rjs, MarketWatch 666First quarter GDP revision; Aprils personal income and outlays, durable goods, and new home salesThe key economic releases of the past week were the second estimate of 1st quarter GDP from the Bureau of Economic Analysis and the April report on Personal Income and Spending, also from the BEA, a report which provides 23% of 2nd quarter GDP.

A top ranked economics and finance blog with a focus on the housing market