Posts Tagged NAHB/Wells Fargo Housing Market Index
NAHB/Wells Fargo Housing Market Index Fell To 13 In August
Posted by Belisarius in U.S. Housing on August 16, 2010
HMI for July came out at 13 vs. 14 in July. Consensus was at 15. All components edged lower except traffic of perspective buyers which remained unchanged.
Chart 1. NAHB / Wells Fargo Housing Market Index
Source: NAHB/ Wells Fargo HMI
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
NAHB/Wells Fargo Housing Market Index
Posted by Belisarius in U.S. Housing on June 16, 2010
HMI came out at 17 vs. 22 in May. It is expected result of first home-buyer tax credit expiration. Nevertheless the U.S. housing is in a downward slope threatening the financial sector. All index components were down.
Chart 1. NAHB / Wells Fargo Housing Market Index
Source: NAHB/ Wells Fargo HMI
NAHB/Wells Fargo Housing Price Index Rose To 19 In April
Posted by Belisarius in U.S. Housing on April 16, 2010
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
Source: NAHB/ Wells Fargo HMI
March NAHB/Wells Fargo Housing Price Index Falls 2 Points
Posted by Belisarius in Markets, U.S. Housing on March 16, 2010
Another twist of bad news for U.S. housing. HMI came out at 17 vs. 15 in February. Both current and future components edged down.
Chart 1. NAHB / Wells Fargo Housing Market Index
Source: NAHB/ Wells Fargo HMI
Credit Card Charge-Offs Weigh on the Markets
Posted by Belisarius in Markets on December 15, 2009
U.S. credit companies reported delinquencies and charge-offs for November. Nice sum-up by Reuters: U.S. credit card charge-offs resume climb. It doesn’t look nice. Looks like American Express (AXP) is most aggressive in addressing the situation and they are apparently managing to show some improvements. Capital One (COF) again with worsened numbers. Nice group of potential short plays, will be watching closely.
Earlier today I commented on Industrial Production and PPI which were modestly positive. The Empire State Manufacturing Survey and NAHB/Wells Fargo Housing Market Index, on other hand, came out to be negative.
U.S. Housing – Strenght or a Relapse?
Posted by Belisarius in Markets, U.S. Housing on November 23, 2009
Existing Home Sales came at level of 6.2 million vs. 5.7 million consensus and 5.6 million level the month before. Positive figure courtesy of late extension of first time home buyer tax credit (closing required by November) and record low mortgage rates.
Chart 1. Existing Home Sales
Source: Econoday
Looking back to the last’s week housing data it appears that the odds in favor of a relapse increased. Firstly, the National Association of Home Builders Housing Market Index was unchanged at 17 in November (the October figure was revised from 18 to 17). Looking at the graph, a clear gap between expectations component and the current components.
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