Industry OGs will no doubt remember the heyday of Barneys New York's biannual brick-and-mortar warehouse sale (the department store launched a permanent e-commerce home for Warehouse back in 2013), but after sitting last year out, we're happy to announce its triumphant return — in... Continue reading
More is not always better, and that's the case when it comes to the New York State real estate market this July. According to a new report from the New York State Association of Realtors (NYSAR), New York State's home sales figured dropped year-over-year in July. However, the report also says median sales price increased 8.1 percent annually in July...
Succinct Summations for the week ending August 26th 2016 Positives: 1. Durable goods rose 4.4% in July, up from a -4% reading previously. 2. New home sales came in at an SAAR of 654k, well above the 580k expected. 3. Jobless claims fell to 261k, from 262k. Show More Summary
CR Note: When the New and Existing home sales reports were released this week, I was out of town and didn't post any graphs. Here are a few graphs and comments on the reports.The new home sales report for July was very strong at 654,000...Show More Summary
Yellen time updated (ht SBG)CR Note: It was an awesome trip, but it is great to be home. I'll be posting some catch-up graphs and comments on new and existing home sales tomorrow. Best to All.Friday:• At 8:30 AM ET, Gross Domestic Product, 2nd quarter 2016 (Second estimate). Show More Summary
The general headline response to this week’s announcement of 654,000 sales of new homes in July (seasonally adjusted, annualized): Best Since 2007! New York Times: "The Housing Market Is Finally Starting To Look Healthy." The figure did beat forecasts for 590,000 homes. And of course, we didn’t sell that many in one month...
There's a 'new housing crisis' across the US. In short, buyers outnumber the available homes for sale, especially in lower-priced units, and affordability is becoming a big problem. But the housing market in the South has done better...Show More Summary
A new home sales surge, which jumped to a nine-year high as a result of stagnating low mortgage rates and a lack of monetary policy change by the Federal Reserve, may not be as rosy as it is being portrayed. The Census Bureau released this bit of faux-optimism for the United States economy in their... Show More Summary
New home sales rose 12.4% in July, to a 654,000 annual rate. The Richmond Fed Manufacturing Index fell from 10 to -11 in August. The PMI Manufacturing Index Flash fell from 52.9 to 52.1 in August. Redbook reports that last week’s retail sales growth was unchanged from the previous week at a very weak 0.2%% on […]
Following yesterday's 7 standard deviation beat in New Home Sales, Existing Home Sales for July missed expectations by 2 standard deviations dropping 1.64% YoY - the first annual decline since Nov 2015. The blame for this collapse -Show More Summary
Housing markets are heating back up with new home sales reaching their highest level since the financial crisis and market crash of 2008. Trulia’s Housing Economist, Ralph McLaughlin, determined the hot 2016 markets to watch accounting for key factors such as: affordability, job growth and vacancy rates...
Think summer sales are over? Think again. Bundle Stars has kicked off yet another round of deals with an encore sale. While most of the games in the promotion aren't anything to write home about, we have spotted a few new items at even lower prices. The most noteworthy deal would have to be Avalanche Studios' excellent Mad Max for only $9.99. Show More Summary
Note: I'm in New York and posting will not be frequent (too much to do and see).Thanks to Joe Weisenthal for having me on Bloomberg's WDYM. And Barry Ritholtz on his MIB radio and podcast.Wednesday:At 7:00 AM ET, The Mortgage Bankers...Show More Summary
Wall Street's advance follows a large increase in sales of new homes, with builders in particular getting a lift
US and European manufacturing PMIs disappointed (but don't tell the mainstream media), European consumer confidence tumbled, Richmond Fed business survey crashed... but New Home Sales managed a completely normal 6 standard deviationShow More Summary
New home sales surprised most analysts this morning. The post Surprise! New Home Sales Surge 12.37% To 654k SAAR, Back To 1995 Levels was originally published at The Wall Street Examiner. Follow the money!
This morning's release of the July New Home Sales from the Census Bureau came in at 654K, up 12.4% month-over-month from a revised 582K in June. Seasonally adjusted estimates for April and May were revised.
Amid low mortgage rates are rising rents home buyers are snapping up today's new construction at levels not seen since 2007.
While the accuracy of the new home sales data is notorious questionable, with regular revisions wiping out both up- and down-side outlier prints, moments ago the Census reported that in July the US saw a whopping 654K new home sales,...Show More Summary
CR Note: I'm in NYC for a few days and having a great time. Sorry - no graphs until I return home.The Census Bureau reports New Home Sales in July were at a seasonally adjusted annual rate (SAAR) of 654 thousand. The previous three months...Show More Summary