Posts Tagged New Home Sales
U.S. New Home Sales Fell 12.4% In July
Posted by Belisarius in U.S. Housing on August 25, 2010
U.S. new home sales fell 12.4% in July to 276.000 SAAR, the consensus was at 340.000 SAAR, prior reading (revised downward 15.000) was at 315.000 SAAR.
Chart 1. U.S. New Home Sales SAAR
U.S. Census Bureau
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
New Home Sales Fell 33.0% In May
Posted by Belisarius in U.S. Housing on June 23, 2010
New home sales fell 33.0% in May to 300.000, the consensus was at 400.000, prior reading was at 504.000. The lowest reading since 1963. The first home-buyer tax credit expiry is a reason for a this kind of drop, the effect was already seen with cash for clunkers program.
A disastrous report.
Chart 1. New Home Sales
Source: Blytic.com
New Home Sales Rose 14.8% In April
Posted by Belisarius in U.S. Housing on May 26, 2010
New home sales rose 14.8% in April to 504.000, the consensus was at 425.000, prior reading was at 411.000. The first home-buyer tax credit program expiration again distorted the reading.
Chart 1. New Home Sales
Source: Blytic.com
New Home Sales Rose 26.9% In March
Posted by Belisarius in U.S. Housing on April 23, 2010
New home sales rose 26.9% in February to 411.000, the consensus was at 330.000, prior reading was at 308.000. The first home-buyer tax credit program expiration again distorted the reading.
Chart 1. New Home Sales
Source: Blytic.com
New Home Sales Fell 0.3% In February
Posted by Belisarius in U.S. Housing on March 24, 2010
New home sales fell -0.3% in February to 308.000, consensus was at 315.000. The disappointing news on U.S. housing continue…
Chart 1. New Home Sales
Source: U.S. Census Bureau
New Home Sales Fall 9.7%
Posted by Belisarius in U.S. Housing on February 24, 2010
New home sales fell 9.7% in January to 309.000 SAAR vs. December reading of 342.000 and 360.000 SAAR consensus. Yes, its winter, but it’s disastrous figure anyhow.
Chart 1. U.S. New Home Sales SAAR
Source: U.S. Census Bureau
MBA Purchase Applications Index also fell -7.3% to the lowest level since 1997. It’s a leading indicator, so probably more trouble ahead.
New Home Sales Fall 7.6%
Posted by Belisarius in U.S. Housing on January 27, 2010
New home sales fell 7.6% in December to 342.000 SAAR vs. revised November figure of 370.000 (revised upwards from 355.000 SAAR) and 370.000 SAAR consensus.
Chart 1. U.S. New Home Sales SAAR
Source: U.S. Census Bureau
Mixed Data
Posted by Belisarius in Markets on November 25, 2009
The day was filled with economic data . No clear conviction from the markets. Let’s start.
Durable goods orders surprised to the downside falling 0.6% vs. positive 0.5% consensus and 1% rise (all MoM) in September. Ex-transportation orders came at -1.3% vs. 0.8% (all MoM) in September.
Personal income and outlays data, on the other side, came mostly positive. Personal income rose 0.2% right at the consensus. Consumer spending up 0.7% vs. 0.5% consensus.
Jobless claims were reported at 466k vs 495k consensus and 505k previous month. Big positive print.
Chart 1. New Jobless Claims
Short… Again…
Posted by Belisarius in Markets on October 28, 2009
I bought USO and SPY ATM January puts today. Feels like we have some weakness coming. Most of the better-than-expected results are out; economic data coming is sluggish (except maybe U.S. Q3 GDP reading tomorrow, but here I view the expectations high, so I’ll take the risk); and it feels extending stimulus (read: budget deficit widening) would be negatively viewed by the FX and fixed income markets so U.S. government would likely be cautious with the measures it is undertaking. So new stimulus fueled move is unlikely.
Btw. Goldman reduced its estimate for the Q3 GDP growth to 2.7% vs. 3% earlier.
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