wallstreetexaminer.com / by Anthony B. Sanders, Courtesy of Confounded Interest • January 30, 2015
After a sizzling Q3 GDP growth rate of 5%, Q4 GDP growth slowed almost in half to 2.6%.
However, personal consumption soared 4% in Q4 after 3.2% in Q3. Spending was led by … healthcare spending.
Dang. I could have […]
zerohedge.com / by Tyler Durden on 01/28/2015 22:20
Amid the collapse in crude oil prices, the Norwegian central bank cut rates in December (after 1000 days on hold) and is likely to cut again as economic growth stalls. However, the country’s financial regulator is warning falling interest rates risk pushing the Norwegian housing market […]
wallstreetexaminer.com / by Lee Adler / January 27, 2015
Here’s a brief comment from leading analyst on the new home sales news.
Single Family Housing Recovery- Click to enlarge
In case you’re wondering, the seasonally adjusted (SA) headline, larger than expected gain, was due to calendar factors and the bogus drill of annualizing monthly […]
zerohedge.com / by Tyler Durden / 01/27/2015 09:40
In a day of furious disappointments, the Case-Shiller housing report, albeit looking at the ancient economic picture as of November, confirmed what most had known: that the growth in housing prices slowed down yet again on not only a Year over Year basis, which rose just […]
Walking side-by-side, USSS officers searching WH North Grounds after drone found on South Grounds overnight. pic.twitter.com/sdpYsEfpdc
— Mark Knoller (@markknoller) January 26, 2015
zerohedge.com / by Tyler Durden on 01/26/2015 10:50
2014 was not a good year for White House security, when one after another deranged intruder managed to scale the fence, and on […]
globaleconomicanalysis.blogspot.com / by Mike “Mish” Shedlock / January 23, 2015
Congratulations to Hugh Pavletich and Wendell Cox (co-authors) of the 11th Annual Demographia International Housing Affordability Survey 2015, for another excellent job.
The survey shows …
“For the second year in a row, the United States had the most affordable housing among major metropolitan […]
zerohedge.com / by Tyler Durden / 01/23/2015 10:11
Despite surges in mortgage applications juxtaposed with notably downbeat commentary from KB Home and Lennar, existing home sales rose modestly in December (+2.4%) but missed expectations for the 2nd month in a row (+3.0%) for a SAAR of 5.04mm sales. Only the Southern region saw sales […]
wallstreetexaminer.com / by Anthony B. Sanders / January 22, 2015
Bloomberg started today with a tantalizing headline: “Resurgent Housing Seen Buffering U.S. From Slowing Global Growth.”
“The economy is getting better and the labor market is getting better.”
Mortgage rates near record lows, an improving job market and gradually easing credit standards will converge […]
theburningplatform.com / By Jim Quinn / 22nd January 2015
I tend to ignore most of the data spewed by the government and regurgitated by the compliant MSM. I saw the blaring headlines about housing starts hitting seven year highs, blah, blah, blah. The cheerleaders in the MSM sure did make it sound like things were […]
wallstreetexaminer.com / by Anthony B. Sanders, Courtesy of Confounded Interest • January 21, 2015
According to the US Census Bureau, Privately-owned housing starts in December were at a seasonally adjusted annual rate of 1,089,000. This is 4.4 percent above the revised November estimate of 1,043,000 and is 5.3 percent above the December 2013 rate of […]
zerohedge.com / by Tyler Durden on 01/21/2015 13:11
It was over two years ago when, as everyone was praising the US housing recovery which has since stalled dramatically in the latest dead cat bounce for everyone but the very richest, that we exposed the biggest component of demand for the ultra-luxury segment: money laundering.
investmentresearchdynamics.com / By David Kranzler / January 14, 2015
First out this morning (Tuesday) was this: “Oil crash may whack earnings of top U.S. homebuilders in Texas” (Article Link). Well that’s obvious. I wrote a post a few weeks ago in which I surmised that the crashing price of oil was likely the U.S. economy’s […]
zerohedge.com / by Tyler Durden on 01/14/2015 11:42
While earlier today the MBA came out with some absolutely ridiculous numbers namely that there was a 49.1% surge in mortgage applications in the week ended January 9, this was, as Stone McCarthy reported, due largely to seasonals. To wit: “The MBA’s broad mortgage application index […]
wolfstreet.com / by Wolf Richter • January 14, 2015
KB Home, one of the largest homebuilders, reported earnings on Tuesday. It was all hunky-dory. Shares rose 3.6% in premarket trading. But then, at 11:30 AM ET came the conference call. And what these folks said about the housing market wrecked KBH. The carnage spread […]
investmentresearchdynamics.com / By Dave Kranzler / January 9, 2015
Obama presented his plan for the FHA to reduce the down payment requirement for an FHA loan to 3.0%. Big deal. The FHA has been offering 3.5% down payment loans for quite some time now. In fact, since 2008 FHA has been underwriting low credit […]
zerohedge.com / by Tyler Durden on 01/06/2015 15:40
Another quarter down, which means we can once again assess where the forward P/E multiple of the S&P stands relative to the previous two market bubble peaks.
the good news: at 16.2x, the S&P still has about 9x P/E turns to go before it hits the 2000 […]
investmentwatchblog.com / January 1st, 2015
Seniors Hit Hard by Financial Crisis
Collapsing home prices, tight credit, dwindling investment income a lethal brew
Collapsing real estate values and an imploding Wall Street are making life uncertain for everyone, but seniors are being hit especially hard.
The economic upheaval has shattered many seniors’ retirement plans and, even […]
zerohedge.com / by Tyler Durden on 12/31/2014 14:43
“Every brick we can make has already been sold up to three months in advance – the UK brickmakers can’t supply demand at the moment,” exclaims the CEO of one of Britain’s largest brickmakers. With The UK’s housing bubble spreading from London, The Telegraph reports that […]
charleshughsmith.blogspot.com / by CHARLES HUGH SMITH / DECEMBER 31, 2014
Considering the reality that only the top 5% have benefited from the policies of the past six years, it’s difficult to see how the Echo Bubble can continue expanding in 2015.
After two years of bubble-type price increases, the big question for housing in […]
charleshughsmith.blogspot.com / By CHARLES HUGH SMITH / DECEMBER 30, 2014
No one can answer that question for anyone else, but it seems prudent to ask the question in the context of an Echo Bubble in valuations that appears to be deflating.
Readers often ask me if now is a good time to buy a […]