– by New Deal democrat Since new and existing home sales were released just one day apart, I figured I would report on both of them together; in particular because for well over a year I have been looking for, and tracking, the rebalancing of this market, where a lack of inventory of existing homes […]

Angry Bear is fortunate to have amongst its stable of writers, New Deal democrat. I can always count on his having a commentary on a daily basis. If you have not been following his reports on the economy, you should be. A double header today. New home sales: all of the shoes have dropped except […]

New home sales: if you lower prices, they (buyers) will come  – by New Deal democrat New home sales are the most leading of all the housing metrics, but suffer from being heavily revised as well as extreme volatility.  With that caveat out of the way, in December new single family home sales (blue in […]

New home sales: a bright spot in the housing indicators  – by New Deal democrat New home sales are very noisy, and are heavily revised, which is why I pay more attention to single family housing permits. But they do have one important value: they are frequently the first housing indicator to turn at both […]

New home sales for November: at last, a bright spot! (relatively speaking) New home sales are very volatile, and heavily revised. But they frequently are the first housing metrics to turn. And November’s new home sales report suggests that they may indeed have made their low. Last month new home sales increased to 640,000 annualized, […]

New home sales rebound, but downtrend in sales intact; prices continue to climb In response to April’s dismal report, I wrote that “new home sales are heavily revised after the first report. It is not unusual at all for big monthly moves like this to suddenly look much less severe when the number gets revised […]