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Summary In all likelihood the next directional move in real estate will be a big, step-function move lower. According to Redfin, 60,000 purchase contracts were canceled in October. That’s the highest monthly number since Redfin began tracking the data in 2013. The Q4 new orde...
Summary Sales of all types of previously owned houses, condos, and co-ops plunged by 7.7% in November from October to a seasonally adjusted annual rate of sales of 4.09 million homes, nearly matching the lockdown low in May 2020. Year-over-year (seasonally adjusted) sales fell by 35%, t...
Summary Sales of existing homes sank another 7.7% in November to a 4.09 million seasonally adjusted annual rate. Mortgage rates have eased back recently. Housing is likely to continue to be under intense pressure. By Robert Hughes Sales of exi...
Summary Last week the Fed reiterated its intention to snuff out inflation with still more hikes. But beginning about 6-8 months ago, when (not coincidentally) the Fed started to raise interest rates, inflation started to decline. In the housing market it's beginning to look like int...
Summary The latest reading of 1.342M was down 11.2% from the October reading and is below the forecast of 1.485M. Single‐family authorizations in November were at a rate of 781,000; this is 7.1 percent below the revised October figure. Authorizations of units in buildings wit...
Summary Total housing starts fell to a 1.427 million annual rate in November from a 1.434 million pace in October, a 0.5% drop. Total permits are down 22.4% from the November 2021 level. Input costs are still a concern for builders though lumber prices have declined sharply from rec...
Summary In spite of mortgage rates sitting 0.8 percentage points below their early November peak, homebuilder sentiment has continued to fall. Future sales saw a large increase rising from 31 to 35. The relative strength line for homebuilders has continued to move higher. ...
Summary The REIT sector achieved back-to-back months of gains for the first time in 2022, with a +3.33% total return in November. Large-cap (+5.95%), mid-cap (+5.14%), and small-cap (+3.40%) REITs all continued their recovery in November, but micro-caps (-6.57%) fell further into the re...
Summary The lone property sector in positive-territory this year, Casino REITs have benefited from their attractive “inflation-hedging” lease structure, the rebound in Las Vegas travel demand, and broader institutional investor acceptance. Casino REITs remain a favorite fo...
Summary As uncertainty clouds the coming year, there are a handful of themes we believe real estate investors should bear in mind. In a world of macro cross-currents, we think there are several key themes public real estate investors should focus on in 2023. As we enter a year fille...
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2024-07-09 05:26:00 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...
2024-06-09 07:56:00 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...
2024-05-28 15:36:00 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...