The Downside of the Building Cycle
What is the last shoe to fall in a housing downturn? According to Stephen Roach, that would be construction activity. Once we see its...
Why Don’t Big Housing Sales Drop Produce Big Price Drops?
Marketbeat observes "one puzzle about yesterday’s existing-home-sales data from the National Association of Realtors is that,...
House Inventory
I just noticed that we have 3 consecutive posts without a chart or graphic. This will not do. To remedy this, we have scraped a chart...
New-Home Sales Drop 4.3%
As if you need me to fill in the details fo this stankbox: Single-family home sales decreased 4.3% to 1.072 million units (seasonally...
Is a Housing Crisis Approaching?
Our conversation yesterday — and the weak Existing Home Sales data — lead us to an inevitable question: Is a Housing Crisis...
Existing-home sales: El Stinko!
Existing-home sales fell 4.1% in July. That’s a hefty drop, although the annual pace of sales is still a relatively healthy 6.33...
How We Got To This Point in the Housing Market
"Every time we’ve gone into a downturn in the home-building industry, they’ve always been longer and deeper than...
House of Pain
The WSJ’s MarketBeat has an excellent summary on the Housing Starts data, titled House of Pain. The WSJ notes 4 relevant factors...
Multiplier Effect of Each Dollar Spent on Housing
The Liscio Report, via Barron’s Alan Abelson, notes the multiplier effect of each dollar spent on Housing. "We’ll...