homebuilders

The house price data has been dismal in the last several months. With the S&P/Case Shiller Home Price Indices released today, we have now passed below the post-bubble trough and are hitting new low prices across the country. For data…

Well, yes. Case-Shiller data confirmed this for me in January. We've been saying that's where things were headed since the expiration of the home buyer's tax credit last year. And even last winter we saw a seasonal dip in prices that got us…

The S&P/Case Shiller Home Price Indices shows that house prices in the U.S. continue to decline this winter.  For data through December 2010, the broad Composite-20 index is down 2.4% compared to December 2009. The Composite-10…

The Case-Shiller numbers this morning were lower than expected and confirm a housing double dip which began in July when both the Composite-10 and Composite-20 numbers peaked.  The Composite-10 is down 0.5% y-o-y and the Composite-20…

by Annaly Capital Management This was a relatively data-filled week for the housing market. We’ll start with the good news. The National Association of Realtors (NAR) reported that existing home sales rose more than expected in December…

While demand for housing is near an all-time low for the post World War II era, the demand for new houses is at an all-time low approximately half of the previous lows, when adjusted for population growth.

by John Lounsbury Average home prices are virtually unchanged from July 2009 to July 2010 according to the latest report form First American CoreLogic, which provided the data for the following graph from Calculated Risk. The graph has…

In a note to investors today, a well-regarded strategist on the equity sales desk at a major sell side firm put up the following two Bloomberg charts next to each other. The two charts reflect different time frames but are from related…

US data have been disappointing.  The weekly initial jobless claim increase has been followed by a weaker than expected ISM manufacturing report.  The ISM fell to 56.2 from 59.7. The consensus had anticipated a smaller decline to…

The 32.7% decline in new homes sales to a new cyclical low has actually sparked a bout of dollar and yen buying on risk aversion. The revisions to the March and April time series also point to a much weaker picture than we had.  …