Single-family Home Starts and Recessions
Floyd Norris brings to our attention a unique statistic on Housing and Recessions Here’s another way to look at the housing start...
Subprime Market Datapoints
Some fascinating data from the WSJ: • Nearly 1.2 million foreclosure filings were reported last year, a 42% rise from 2005. That is a...
Homebuilders: Earnings & Prices
One of the weaker arguments mustered by the Real-Estate-has-bottomed crowd is the move off of the lows by the homebuilders. "Look...
Mortgage Tart; What Does H.S.B.C. Stand for?
We’ve all been suitably serious about today’s sub prime blow up, so we are entitled to break from the mortgage debacle to share...
Geographic Distribution of House Price Risk
Yesterday, we looked at a heatmap of Foreclosures; This turned out to be rather timely, as indicated by a front page article in...
Rates of Home Price Appreciation
This simple chart depicts several different measures of changes in home prices: chart courtesy of PMI > Rates of home price...
Foreclosure Heatmap
I am working on a new research project involving foreclosures in the sub-prime market. I keep coming across some really intriguing data...
NFP Update
Nonfarm payrolls increased 111,000 last month. December was revised upwards to a very respectable 206,000 (from167,000), while November...
Pundit Pile-on: NAR’s David Lerah
Last week, we noted the absurdity of the housing commentary by the oft hallucinatory David Lereah (Existing Home Sales Are Fantastic!)....
Dissecting New Home Sales Data
It seems that everytime we get a major economic release, there is almost an instantaneous headline and commentary generated. This often...