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Existing Home Sales Bounce 1%, Time to Sell Hits New Low: “Happy and Relieved”?

mishtalk.com / Mike “Mish” Shedlock / June 21, 2017

Housing, which had been showing considerable second-quarter weakness bounced slightly. That was enough to beat the Econoday consensus.

Housing has been sliding which adds importance to May’s very solid 1.1 percent rebound in existing home sales to a higher-than-expected 5.620 million annualized rate. Today’s report […]

Existing Home Sales Bounce 1%, Time to Sell Hits New Low

mishtalk.com / Mike “Mish” Shedlock / June 21, 2017

Housing, which had been showing considerable second-quarter weakness bounced slightly. That was enough to beat the Econoday consensus.

Housing has been sliding which adds importance to May’s very solid 1.1 percent rebound in existing home sales to a higher-than-expected 5.620 million annualized rate. Today’s report is […]

REAL Home Prices Remain 21.35% Below 2006 Peak (As Of December 2016)

wallstreetexaminer.com / by Anthony B Sanders • June 17, 2017

How bad was the housing bubble of the 2000s? Real home prices remain 21.35% below their peak in 2006 during the housing bubble, according to the Bank for International Settlements.

READ MORE

[…]

NAR Cites “Housing Emergency” as Starts Unexpectedly Dive 5.5 Percent: NAR “Befuddled”

mishtalk.com / Mike “Mish” Shedlock / June 16, 2017

The second-quarter economic report misery continues in a major way today with housing starts and permits unexpectedly falling.

The Econoday consensus was was for starts to rise 4.35%. Instead, starts fell 5.5%. Adding insult to injury, April was revised lower by 1.37 percentage points making the […]

Housing Starts Suffer Worst Streak Since Jan 2009, Permits Plunge

zerohedge.com / by Tyler Durden / Jun 16, 2017 8:40 AM

For the first time since Jan 09, Housing Starts dropped for the 3rd month in a row in May, drastically missing expectations (-5.5% vs +4.1% exp.) with both March and April revised notably lower. Building Permits also tumbled in May and massively missed expectations […]

“This Market Is Crazy”: Hedge Fund Returns Hundreds Of Millions To Clients Citing Imminent “Calamity”

Altair chairman and chief investment officer Philip Parker.

zerohedge.com / by Tyler Durden / May 29, 2017 2:39 PM

While hardly a novel claim – in the past many have warned that Australia’s housing and stock market are massive asset bubbles (which local banks were have been forced to deny as their fates are […]

Time To Add Housing To The Bubble List?

dollarcollapse.com / JOHN RUBINO / MAY 29, 2017

Housing is hot again, but lately it’s been overshadowed by flashier bubbles in government debt, tech stocks and possibly cryptocurrencies.

Still, the warning signs are spreading. Today’s Wall Street Journal, for instance, reports that homeowners are back to using their houses as ATMs:

Homeowners Are Again Pocketing […]

Spring Housing Flop: Existing Home Sales Decline 2.3 Percent, Inventory Issues Persist

mishtalk.com / Mike “Mish” Shedlock / May 24, 2017

The widely expected Spring housing acceleration has turned into a big flop.

Yesterday, the Census Bureau reported new home sales declined 11.4% in April.

Today, the National Association of Realtors (NAR) reports existing home sales declined 2.3%.

The Econoday consensus estimate for existing home […]

New Home Sales Plunge 11.4% In April

investmentresearchdynamics.com / Dave Kranzler / May 23, 2017

So much for the jump in the builder’s confidence index reported last week. The Government reported a literal plunge in new home sales in April. Not only did the seasonally manipulated adjusted annualized sales rate drop 11.4% from March, it was 6% below Wall Street’s consensus estimate.

[…]

About that Strong April Recovery: Housing Starts and Permits Flop, March Revised Lower

mishtalk.com / Mike “Mish” Shedlock / May 16, 2017

The much ballyhooed second quarter recovery is firing on about 1/2 cylinder out of 4.

April housing starts came in at 1.172 million Seasonally Adjusted Annualized (SAAR), were well under the Econoday consensus estimate of 1.256.

March was also revised lower from 1.215 million to […]

Housing ‘Recovery’ Stumbles As Starts, Permits Plunge In April

zerohedge.com / by Tyler Durden / May 16, 2017 8:39 AM

After a big plunge in March (it’s the weather, stupid), Housing Starts were expected to rebound in April… but did not! Starts dropped 2.6% in April, after March’s 6.6% drop. Building Permits also tumbled 2.5% MoM – also multiple standard-deviations below expectations.

Single […]

Consumers Slash Spending Growth Expectations to Lowest Level in Fed’s Data

wolfstreet.com / by Wolf Richter • May 8, 2017

Something embarrassing is happening to the wallet.

Consumer spending – not just retail but also healthcare, housing, tuition, and so on – accounts for 69% of the US economy. Decent economic growth without growth in consumer spending is practically impossible. That’s why everyone is watching […]

Ides of March: Housing Starts Drop -6.75% MoM in March (Midwest Starts Drop -16.22%)

wallstreetexaminer.com / by Anthony B Sanders via Confounded Interest / April 19, 2017

It was the Ides of March (best known as the assasination date of Julius Caesar) for housing. Housing starts dropped -6.75% month-over-month (MoM) in March. Both 1 unit starts and 5+ (multifamily) starts were down for March.

The decline was led […]

Ontario Finally Cracks Down On Toronto Housing Bubble: Launches 15% Foreign Buyer Tax

zerohedge.com / by Tyler Durden / Apr 20, 2017 7:38 AM

Almost a year after Vancouver, ground zero of Canada’s housing bubble inflated with Chinese “hot money”, implemented a foreign buyer tax, and just weeks after Toronto’s housing bubble officially went nuts as prices soared 33% Y/Y, prompting economists such as David Rosenberg to demand […]

Thud: Housing Starts Plunge 6.8% as Sentiment Soars

mishtalk.com / Mike “Mish” Shedlock / April 18, 2017

Unless housing starts data is another one-time affair, and it could be given the volatile nature of housing starts, this recovery is nearly over just as sentiment is peaking.

Econoday notes a 6.8% decline in housing starts for March to 1.215 million units seasonally adjusted […]

Housing Starts Drop Most In 4 Months; Single-Family Starts Collapse In The Midwest

zerohedge.com / by Tyler Durden / Apr 18, 2017 8:39 AM

Another mixed picture from housing data following the roll-over in homebuilder sentiment last week. Housing Starts dropped 6.8% MoM in March to 1.215mm SAAR – the lowest since Nov 2016.

The biggest driver was a 16% plunge in starts in The West and […]

46% Of Millennials In San Fran Ready To Move Out; Blame Housing, Traffic & Trump

zerohedge.com / by Tyler Durden / Apr 2, 2017 4:00 PM

A growing number of snowflake millennials are saying they can no longer stand to live in the preeminent American ‘safe space’ of San Francisco because the “rent is too damn high”, the traffic is too damn congested and, well, President Trump. According to […]

Bond “Carnage” hits Mortgage Rates, Aims at Housing Bubble 2

wolfstreet.com / by Wolf Richter • Mar 13, 2017

“Many fear the Fed is behind the curve. The market is even further behind: This is clearly a dangerous situation.”

US government debt took another beating today. As prices fell, yields rose to new multi-year highs. The 10-year Treasury yield rose 5 points to 2.625%, […]

New Afforable Housing? The $10,000 3D House Built In 24 Hours

wallstreetexaminer.com / by Anthony B. Sanders, courtesy of Confounded Interest • March 5, 2017

Several companies have produced single-family detached homes for around $10,000 and can be built in 24 hours.

Here is a 3D house printed in Russia.

And here is China’s version of 3D house construction.

READ MORE

[…]

Housing Starts Disappoint As Building Permits Surge, Driven By Rentals

zerohedge.com / by Tyler Durden / Feb 16, 2017 8:42 AM

While having been gradually relegated to B-grade economic data status, today’s housing starts and building permits report from the Commerce Department, painted a mixed picture, with January starts declining 2.6%, from 1.279million to 1.246 million, below expectations of a 0.1% increase, however due to […]

This One Factor Could Pose A Threat To The Us Housing Market Recovery

investmentwatchblog.com / by Umar Farooq / FEBRUARY 9, 2017

There is a talk at the FED about the unwinding of its grand monetary policy experiment. The knock-on effects of this experiment in the bond market could pose a threat to the U.S. housing recovery.

A number of Fed officials just recently have openly discussed the […]

For The First Time Since 2008, It Costs Over $1000/Month To Purchase A Median U.S. Home

zerohedge.com / by Tyler Durden / Feb 6, 2017 1:58 PM

Two months ago, with interest rates spiking higher on fears about Trump’s fiscal stimulus, we showed a troubling chart in the October Black Knight Mortgage Monitor report. According to the housing consultancy, as a result of the effect jump in mortgage rates, the […]

Desperation Invades Vancouver Housing Bubble, as Hot Money Still Pumps up Toronto, Hype Overflows

wolfstreet.com / by Wolf Richter • Feb 5, 2017

In Toronto, “home ownership continues to be a great investment,” which is what they said about Vancouver a year ago.

So the bottom has fallen out of the Greater Vancouver housing market, a process that started after the crazy peak in July. According to the Real […]

The Apartment Glut Cometh – Adios Housing Market

investmentresearchdynamics.com / Dave Kranzler / February 1, 2017

Driving by the west-side border of downtown Denver (on I-25), I can count 9 cranes in air plus one semi-finished high-rise building. What’s amusing about this is that there’s already an oversupply of rental apartments and condos as the 1-2 month free + free parking incentives reflect. […]

Existing Home Sales Decline in December To 5.49M Units, Back To 2001 Levels

wallstreetexaminer.com / by Anthony B. Sanders via Confounded Interest / January 24, 2017

It seems like the US will never fully recover from the housing and mortgage credit bubble that began in 1995 and erupted in late 2007 and 2008.

Existing home sales in December declined to 5.49 millions units SAAR. That is a […]