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New home sales were reported for July as down nearly 13% to 511K, a number that is just about the average since 2010 (543k). But that doesn’t tell the whole story obviously. New home sales have fallen sharply since December of last year, down 39%. The drop from the peak in Augu...
Sales of new single-family homes fell again in July, dropping 12.6 percent to 511,000 at a seasonally-adjusted annual rate from a 585,000 pace in June. The median sales price of a new single-family home was $439,400, up from $457,300 in June (not seasonally adjusted), putting the 12-m...
The economic regime of synchronized fiscal expansion and elevated inflation is under siege by the deflationary effects of deteriorating economic conditions in Europe and Asia and global fiscal contraction. After shouldering the costs of the pandemic-era fiscal expansion through record...
We can’t actually see the present because there is a lag between the information being captured by our eyes and processed by our brains. The rising dollar, rising rate environment are well known and entrenched at this point. There are still some problems we have to get past...
U.S. equity markets failed to extend their weekly winning streak as hawkish commentary from Fed officials sparked renewed pressure on bonds and sent benchmark interest rates back to four-week highs. Following a four-week rally that had erased over half of the benchmark's year-to-date ...
What are the odds of a recession? What are the risks that inflation will stay elevated? How are housing markets evolving in a rising rate environment? From the risk of a recession, to the stickiness of inflation, to the prospects for the housing market, TD Econom...
Existing home sales continued their historic plunge in July to reach the lowest level in 7 years outside of COVID, down roughly 1.7 million home sales in just the last six months. Further discouraging news came from the Conference Board who posted that the July annual rate of change i...
Excluding the lockdown recession, sales are at their lowest since November 2015. Sales in the market for existing single-family homes, which account for about 89 percent of total existing-home sales, dropped 5.5 percent in July, coming in at a 4.31 million seasonally adjusted annual r...
“Housing Starts” - the number of housing units on which construction started - in July dropped by 9.6% from June and by 8.1% year-over-year to a “seasonally adjusted annual rate” of 1.446 million housing units. In July, the number of units started in buildi...
Housing represents a large share of the US economy on both a direct and indirect basis, so its health says about the state of the overall economy. Updates on Building Permits and Housing Starts were mixed relative to expectations for July. For the current period, Housing Starts re...
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2024-08-02 09:36:00 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...
2024-07-03 08:00:00 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...
A look at the top 10 most actives in the United States Yield10 Bioscience Inc. (YTEN) rose 135.5% to $0.5722 on volume of 57,300,938 shares Direxion Daily Semiconductor Bear 3X Shares (SOXS) fell 8.7% to $3.16 on volume of 30,926,102 shares Kaival Brands Innovations Group Inc. (KAVL) rose...