New home sales could be worse. But don’t overlook the seasonals and the fundamentals.
Category Archives: housing
Watching housing slide
The Census Bureau
yesterday released August data for housing permits and new housing starts, both of which confirm that we are in the midst of a significant housing downturn.
House prices still climbing
The Office of Federal Housing Enterprise Oversight (OFHEO) today released its house price indexes for 2006:Q2, which continue to show house prices climbing in all but five states, though with a significantly slower rate of increase than previously.
More thoughts on the housing slowdown
How concerned should we be?
New home sales continue to fall
No question about it, the housing downturn is here now, and it’s big.
Seasonal adjustment and new home sales
How significant is the housing slowdown? Answering requires separating the seasonal from the cyclical factors.
All eyes on housing
Mark Thoma notes that the most recent FOMC statement has changed from declaring growth is “likely to moderate” to “Recent indicators suggest that economic growth is moderating”. The first stages of the long-anticipated cooling of the housing market certainly appear to be here now.
Bernanke tells it like it is
Once again I recommend the most recent statement of our Federal Reserve Chair as some of the finest economic analysis you will find anywhere.
Indications of slower growth
This week’s data paint a picture of slowing growth.
Who’s afraid of $3 gasoline?
Does the expected strong 2006:Q1 GDP report mean that the economy will shrug off the recent resurgence of gas prices?