new home sales

What Does It Mean That Real Estate, Not Equities, Is Driving Monetary Policy?

By |2019-07-23T18:31:49-04:00July 23rd, 2019|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

In the world of assets classes, I don’t believe it is equities which hold the Federal Reserve’s attention. After the 2006-11 debacle, the big bust, you can at least understand why policymakers might be more attuned to real estate no matter how the NYSE trades. It may be a decade ago, but that’s the one [...]

Economic Report: New Home Sales

By |2009-03-25T11:19:41-04:00March 25th, 2009|Markets|

Sales of new homes in the US rebounded off their lowest levels on record in February, after a lackluster January in which sales were initially down over 10%. Sales jumed by 4.7% to a seasonally adjusted annual rate of 337,000 units, up from January’s initial estimate of 309,000, which was revised to 322,000 in today’s report. Despite the revision, January’s [...]

Economic Report: New Home Sales

By |2009-02-26T12:28:45-05:00February 26th, 2009|Markets|

Sales of new homes in the US declined to their lowest levels on record, after a lackluster January in which sales fell by a stomach-wrenching 10.2%. Sales fell to a seasonally adjusted annual rate of 309,000, the lowest ever since the series began in 1963. The report was below expectations, as economists were predicting a number closer to 320,000. In all of [...]

Economic Report: New Home Sales

By |2009-01-29T12:36:24-05:00January 29th, 2009|Markets|

Sales of new homes in the US declined to their lowest levels in 46 years, after a lackluster December in which sales fell by a stomach-wrenching 14.7%. Sales fell to a seasonally adjusted annual rate of 331,000, the lowest ever since the series began in 1963. The report was far below expectations, as economists were predicting a number closer to 390,000. The government estimates that [...]

Economic Report: New Home Sales

By |2008-12-23T12:59:38-05:00December 23rd, 2008|Markets|

Sales of new homes in the US declined to their lowest levels in 17 years, after a lackluster November in which sales fell by another 2.9%. Sales fell to a seasonally adjusted annual rate of 407,000. The report was above expectations, though, as economists were expecting a number closer to 400,000. Sales of new homes are now down 35.3% compared with November 2007. [...]

New Home Sales

By |2008-10-27T13:26:55-04:00October 27th, 2008|Markets|

New home sales data for the month of September was much more positive than expected, as sales rose and inventories shrunk at a record pace. New home sales gained 2.7% for the month, up to a seasonally adjusted annual rate of 464,000. The report was above expectations, as economists were expecting a number closer to 460,000. Sales of new homes are now [...]

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