UOM/Reuters Consumer Sentiment For April At 69.5
Consumer sentiment for March came out at 69.5 vs. 75 consensus and 73.6 prior reading. A disappointment. Chart 1. University of Michigan/Reuters Consumer Sentiment
Archive for April 16th, 2010
U.S. Housing Starts Rose 1.6% In March
U.S. housing starts were reported at 626.000 vs. revised 616.00 March reading (revised from 575.000???). The consensus was at 610.000. Building permits in the same period rose 7.5% to 685.000. You can look the data from two standpoints: 1. The housing industry is recovering; or 2. They are adding additional supply to already oversupplied market. […]
NAHB/Wells Fargo Housing Price Index Rose To 19 In April
HMI came out at 19 vs. 15 in March. The gain was fueled by present condition component and by traffic of perspective buyers; future expectations lagged. The tax credit expires with the end of the April, we will see what happens then… Chart 1. NAHB / Wells Fargo Housing Market Index