LRET News and Press, UBS AG ZC SP ETN REDEEM 05/05/2045 USD 25 From 08/22/19

Originally published on August 19, 2019 The housing starts and permits report this morning for July adds to the positive data looking forward to H2 2020 (or, possibly, less bad - but that's another discussion). First, here are overall permits (red) and starts (blue): While the very vol...

The NAHB's Housing Market Index for August saw its second straight month with a modest increase bringing it to 66 compared to expectations of an unchanged 65. Although the index has been grinding higher since plummeting to its late 2018 low, it is still well off of its December 2017 record hig...

The residential real estate market is less affordable now than anytime since before the financial crisis. Federal Reserve Chairman Jerome Powell is facing a housing conundrum. The market is in the midst of a 15-month slump, with home price gains and sales having slowed dramatically and per...

By Janus Henderson Global Property Equities Team Investors looking to invest in real estate may find listed property equities such as REITs to be a liquid, low-cost way to enter the market. We believe that various emerging trends hold the potential for investment opportunities in the liste...

The housing choke collar I have a new post up at Seeking Alpha , discussing how, even though sales went down last year, and have already bottomed, house prices have as usual, followed into decline with a lag. Beyond that, I discuss the concept of a "housing choke collar,' similar to the "...

Nationally, the total valuation of aggregate existing home sales have dipped in May 2019 from April 2019's level . Regionally, almost all of that decline was registered in the U.S. Census Bureau's West region. State-level existing home sales data through May 2019 is now available from Zillo...

By Robert Hughes The Consumer Confidence Index from The Conference Board rebounded in July, increasing by 11.4 points to 135.7, the highest level of the year and the highest since November. The index is constructed so that it equals 100 in 1985. The composite index is just 2.2 points below...

After having plunged from October 2018 through March 2019, median new home sale prices in the U.S. would appear to be stabilizing in recent months, with their initial trailing year average for June 2019 unchanged from the previous month at $319,300. The decline in median new home sale prices...

I noticed that housing units per adult have actually started to level off. This is interesting because total permits and total starts are still below past averages. So, maybe the new neutral run-rate for new units is less than 1.5 million annually. Maybe the need for new units is less acute ...

Surging prices are a demand killer, but real estate industry laments the medicine didn't work. The relentlessness of falling home sales is starting to baffle the real estate industry that had expected plunging mortgage rates to fire up sales: Across the US, sales of "existing homes" (previ...