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New Home Sales (Predictably) Fall Out of the Boom, Too

By |2018-02-26T16:17:15-05:00February 26th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

New home sales were down sharply again in January 2018. For the second straight month, the level of purchase activity fell substantially despite what are otherwise always described as robust or even booming economic conditions. Like the sales of existing homes, the sales of newly constructed units should be both moving upward as well as being significantly more than stuck [...]

The Home Builder Rationalization

By |2018-02-16T16:19:10-05:00February 16th, 2018|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

Home construction rebounded in January 2018, though that may have been nothing more than statistical noise. Total permits filed to build new residential structures totaled 1.396 million (SAAR) last month, up from a revised 1.300 million in December. The entirety of that increase was due to a big jump in permits for the multi-family segment. This latter category consisting of [...]

Is RINO Related To RHINO? Definitely

By |2017-12-19T17:23:28-05:00December 19th, 2017|Currencies, Economy, Federal Reserve/Monetary Policy, Markets|

US homebuilders haven’t been this happy since the dot-com era. Not even the housing mania of the mid-2000’s had builders feeling this good about things. According to the National Association of Homebuilders (NAHB), the trade group that represents firms in the industry, their sentiment index registered a blistering 74 in December 2017. Predictably, that’s got a lot of people excited [...]

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