Archive for category U.S. Housing
MBA Mortgage Applications Fell 4.4%
Posted by Belisarius in U.S. Housing on July 28, 2010
MBA mortgage applications fell 4.4% for week ending July 23, the prior reading was an increase of 7.6%. Refinance index fell 5.9%; Purchase index rose 2.0%.
Chart 1. MBA Mortgage Applications
Source: Bloomberg
S&P/Case-Shiller Home Price Indexes Rose in May
Posted by Belisarius in Markets, U.S. Housing on July 27, 2010
S&P/Case-Shiller HPI 10 city composite rose 1.7% in May; S&P/Case-Shiller 20 HPI composite rose 1.3% in May.
Seasonly adjusted S&P/Case-Shiller HPI 10 city composite rose 0.5%; Seasonly adjusted S&P/Case-Shiller HPI 20 city composite also rose 0.5%.
Chart 1. S&P/Case-Shiller Composite 10
Source: S&P/Case-Shiller
Chart 2. S&P/Case-Shiller Composite 20
Source: S&P/Case-Shiller
New Home Sales Rose 23.6% In June
Posted by Belisarius in U.S. Housing on July 26, 2010
New home sales rose 23.6% in June to 330.000, the consensus was at 300.000, prior reading (revised downward 33.000) was at 267.000 (!!! worst reading on record).
Wondering if they switched 33.000 from May revision to June?
Chart 1. New Home Sales
U.S. Census Bureau
U.S. Existing Home Sales Fell 5.1% In June
Posted by Belisarius in U.S. Housing on July 23, 2010
U.S. Existing home sales fell 5.1% to 5.37 million units SAAR. Consensus was at 5.1 million.
Total housing inventory is at 4.0 million units vs. 3.9 million units in May
Months supply rose from 8.3 to 8.9 months.
Chart 1. Existing Home Sales
Source: NAR
Chart 2. Existing Home Sales Inventory & Existing Home Sales Months Supply SAAR
Source: NAR
MBA Mortgage Applications Rose 7.6%
Posted by Belisarius in U.S. Housing on July 21, 2010
MBA mortgage applications rose 2.9% for week ending July 16, the prior reading was a decrease of 2.9%. Refinance index rose 8.6%; Purchase index rose 3.4%.
Chart 1. MBA Mortgage Applications
Source: Bloomberg
U.S. Housing Starts Fell 5.0% In June
Posted by Belisarius in U.S. Housing on July 20, 2010
U.S. housing starts were reported at 549.000 vs. revised 578.00 May reading. The consensus was at 577.000. Building permits in the same period rose 2.1% to 586.000.
Chart 1. U.S. Housing Starts
Source: U.S. Census Bureau
Chart 2. U.S. Building Permits
Source: U.S. Census Bureau
NAHB/Wells Fargo Housing Market Index Falls To 14
Posted by Belisarius in U.S. Housing on July 19, 2010
HMI for July came out at 14 vs. downward revised 16 in June. All components were down, most notably traffic of perspective buyers hit 10 vs. 13 in June.
Chart 1. NAHB / Wells Fargo Housing Market Index
Source: NAHB/ Wells Fargo HMI
MBA Mortgage Applications Down 2.9%
Posted by Belisarius in U.S. Housing on July 14, 2010
MBA mortgage applications fell 2.9% for week ending July 9, the prior reading was a rise of 6.7%. Both refinancing index and purchasing index fell 2.9%.
Lowest reading for a Purchase Index since 1996.
Chart 1. MBA Mortgage Applications
Source: Bloomberg
MBA Mortgage Applications Up 6.7%
Posted by Belisarius in U.S. Housing on July 7, 2010
MBA mortgage applications rose 6.7% for week ending July 7, the prior reading was a rise of 8.8%. The refinancing index gained 9.2% and is responsible for a composite rise. Purchasing index fell 2.0%.
Chart 1. MBA Mortgage Applications
Source: Bloomberg
U.S. Construction Spending Fell 0.2% In May
Posted by Belisarius in U.S. Economic Data, U.S. Housing on July 2, 2010
In May, U.S. construction spending fell 0.2% MoM vs. -0.5% consensus and 2.7% rise in April.
On a year level we are at -8.0%.
Economic recovery without construction recovering is not the real sustainable recovery.
Chart 1. U.S. Construction Spending
Source: U.S. Census Bureau