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2023-05-24 16:10:00 ET Summary Housing starts and permits for April are running at a level of right around 1.4M units, down from around 1.8M last year. The level of starts and permits is not yet concerning, but the slowdown continues to be worrisome. For housing starts, the su...
2023-05-24 14:29:00 ET Summary The median new US home in April sold for $420,800, -15% lower than the peak last October. Historically, the average housing downturn has taken 4-6 years to bottom and has always led to the worst economic contractions. This housing downturn starte...
2023-05-24 08:57:00 ET Summary The initial estimate of 683,000 new homes sold during April 2023 represents the highest level of this seasonally-adjusted annual rate recorded since March 2022. The average sale price of new homes sold in the U.S. declined to $501,000, with the time-...
2023-05-24 03:00:00 ET Summary The median price of new single-family houses sold in April fell to $420,800, down by 8.2% from a year ago, and down by 15% from the peak in October. Sales of new houses, in response to lower prices, mortgage-rate buydowns, and incentives, ticked up t...
2023-05-24 00:05:00 ET Summary It’s only May, but if I had to pick a chart of the year, it would be housing stocks. In fact, housing as a whole has been remarkably resilient this year. The NAHB Housing Market Index has been cut in half and existing home sales have cratered....
2023-05-21 09:00:00 ET Summary U.S. equity markets climbed to nine-month highs this week as investors weighed signs of progress on debt-ceiling negotiations and solid economic data against a continued drumbeat of hawkish Fed commentary. Snapping a two-week losing streak and climbi...
2023-05-18 15:33:00 ET Summary US home sales remain subdued, thanks to elevated borrowing costs, high prices, and a lack of supply. New home sales should continue to outperform existing ones in this environment, but price risks remain skewed to the downside. Commercial real es...
2023-05-18 11:28:00 ET Summary Historically, it has been typical at the beginning of real estate downturns for listings to decline as owners try and extend loans rather than sell properties at lower prices. In the first quarter of 2023, investors purchased just $10.7 billion of of...
2023-05-16 23:05:00 ET Summary The Federal Reserve’s latest 0.25% interest rate hike has likely capped one of its most aggressive policy-tightening cycles in 40 years. Core inflation, which excludes the more volatile energy and food prices, remains historically high, but ha...
2023-05-16 19:30:00 ET Summary As we noted last week on the release of the latest mortgage purchase data, housing activity appears to have finally stabilized after plummeting earlier in the tightening cycle. That improvement in housing markets is flowing through to builders as thi...
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2024-07-12 10:20:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-07-02 11:48:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-31 21:54:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...