No GDP Resonance In New Home Sales Either
Perhaps the BEA should have moved the GDP release up a few days to allow mainstream commentary its unbridled and unstained euphoria. Almost as soon as the GDP revisions were released, the upward...
View ArticleA Realistic Scenario For Unrealistic New Homes
At first glance, yesterday’s release of new home sales estimates defied any sense of sense. As such, it seemed better to simply let it alone until revisions attempt to address the extreme outlier...
View ArticleWhere The New Houses Aren’t
New Home Sales fell sharply in December 2016, from a seasonally-adjusted annual rate of 598k in November to 536k. That wasn’t unexpected given the behavior of interest rates since August in particular....
View ArticleHousing History And Why The Yield Curve Got So Flat
The global economy was in very rough shape in 1980. Caught in the spiral of the Great Inflation, there was practically nowhere to hide from ripping upheaval – beyond just the economic problems. Despite...
View ArticleNo GDP Resonance In New Home Sales Either
Perhaps the BEA should have moved the GDP release up a few days to allow mainstream commentary its unbridled and unstained euphoria. Almost as soon as the GDP revisions were released, the upward...
View ArticleA Realistic Scenario For Unrealistic New Homes
At first glance, yesterday’s release of new home sales estimates defied any sense of sense. As such, it seemed better to simply let it alone until revisions attempt to address the extreme outlier...
View ArticleWhere The New Houses Aren’t
New Home Sales fell sharply in December 2016, from a seasonally-adjusted annual rate of 598k in November to 536k. That wasn’t unexpected given the behavior of interest rates since August in particular....
View ArticleHousing History And Why The Yield Curve Got So Flat
The global economy was in very rough shape in 1980. Caught in the spiral of the Great Inflation, there was practically nowhere to hide from ripping upheaval – beyond just the economic problems. Despite...
View Article
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