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Millennials shun the new home sales market: in the face of tight inventory, why are builders not building new homes?

One of the many interesting dynamics of the current housing market is the lack of new home sales and also, new home construction.  New housing construction tends to be a boom for the economy across all income levels.  Why?  People when buying a new home also tend to fill the house with the general crap […]

Melanie Griffith, Antonio Banderas ready to part with marital home

Melanie Griffith and Antonio Banderas have listed their marital home in Hancock Park for sale at $16.1 million.

Samsung Galaxy S6 Release Date: New Flagship Fails to Meet Sales Expectations in Home Market?

The Samsung Galaxy S6 and Galaxy S6 Edge are two of the biggest names in the Android market today. Earlier this month, the two devices went on sale in Samsung's home market, as well as other selected countries worldwide.

Every SNK Game Is On Sale Right Now For $0.99 Each

Can you believe it's been 25 years since SNK launched their real hot dog gaming hardware, the Neo Geo? While its success as a home platform was limited to a dedicated niche, in the arcades it ruled the roost until arcades themselves died around it. Part of that was because of its flexibility and ease

The Fed has misinterpreted the effect of falling oil prices and a strong dollar

The good news is very nice: mortgage rates are stable near 3.75 percent, sales of existing homes have risen 10.4 percent in the last year, and sales of new ones have soared 19 percent. Even the poor news is good: a softer-than-expected economy is holding the Fed at bay...

BuilderBytes' MetroIntelligence Economic Update for 4/24/15

Please click here to see the edition of BuilderBytes for 4/ 24 /15 on the Web. In this issue of the MetroIntelligence Economic Update, I covered the following indicators: March new home sales dipped from 7-year high but still up 19 percent...Show More Summary

Lowe’s: Revised Price Estimate At $76 Against A Strong U.S. Economy

An upbeat economy and better prospects in the labor market resulted in positive developments in the housing market as well. The sale of existing houses, among the most important drivers for the home improvement industry, witnessed a 2.7% increase in Q4 of 2014 after declining in the first three quarters. Show More Summary

Amazon Shares Soar to All-Time High on Cloud Surprise

Amazon.com shares hit an all-time high Friday as investors rewarded the e-commerce giant for showing a surprise operating profit at its cloud-computing business and strong retail sales at home in North America.

Amazon Shares Soar to All-Time High on Cloud Surprise

Amazon.com shares hit an all-time high Friday as investors rewarded the e-commerce giant for showing a surprise operating profit at its cloud-computing business and strong retail sales at home in North America.

Oprah's household items on auction block

Furniture, artwork and personal items from her Oprah Winfrey's Chicago apartment will be sold at auction. The sale will include pieces from Oprah's home gym, designer clothing, shoes and handbags as well as furniture, artwork and china. (April 24)        

Bevy of Bad Economic Numbers Rolls In

Initial Claims Worse Than Expected (Again), Remain Flat For 2015 New Home Sales Tumble By Most In Almost 2 Years As Northeast Crashes US Manufacturing PMI Misses By Most On Record As New Orders Tumble

At AP, Report on New-Home Sales 'Collapse' Argues For a 'Bounce Back'

The Census Bureau reported today that sales new homes in the U.S. (seasonally adjusted at an annual rate) plunged sharply in March to 481,000 after hitting a seven-year record level of 543,000 in February. As has been the case so often,...Show More Summary

BuilderBytes' MetroIntelligence Economic Update for 4/23/15

Please click here to see the edition of BuilderBytes for 4/23/15 on the Web. In this issue of the MetroIntelligence Economic Update, I covered the following indicators: March existing home sales jumped to highest rate in 18 months FHFA...Show More Summary

Celebrity Home Stager Creates Extraordinary Dwellings

Most interior designers aim to create a perfect living space for long-term use and comfort. But a whole slew of interior designers known as “stagers” do just the opposite: they stage homes for sale, adding the perfect elements to create a vision of an ideal life in the home to [...]

Aust dollar gains on US data

Local unit retains momentum as US new home sales and manufacturing data disappoint.

Economic Statistics for 23 Apr 15

Coming after yesterday’s strong existing home sales, new home sales for March were very disappointing, falling sharply by -11.4% to a 481,000 annual rate. The Markit PMI manufacturing index flash for April fell -1.1 points to 54.2. The Bloomberg Consumer Comfort Index fell -1.2 points to 45.4 in the latest week. Initial weekly jobless claims […]

Melanie Griffith Home Sale: Actress’ Los Angeles-Area Estate With Ex Antonio Banderas Listed

Antonio Banderas and Melanie Griffith’s home is for sale in Los Angeles, a move the couple made nearly a year after splitting. The pair has owned the California estate for about 16 years and likely stand to make quite the profit on its sale. Show More Summary

Fred Couples buys a golfer's pad in Newport Beach

Professional golfer Fred Couples, who last month teed up an off-market sale in Brentwood, has purchased a home in Newport Beach for $3.475 million.

Does The Bell Toll For Housing Bubble II?

In the game of pin the tail on the number, today’s release on new home sales was a big miss. Wall Street conomists had expected a seasonally adjusted annualized number (i.e. seasonal adjustment error times 12) of 520,000. Instead, that number came in at 481,000. Are we surprised? Hell no. Except this month’s number is…

Comments on New Home Sales

The new home sales report for March was below expectations at 481 thousand on a seasonally adjusted annual rate basis (SAAR). However, sales for December, January and February were revised up by a combined 35 thousand (SA). So, including...Show More Summary

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