All Posts Tagged With: "DHI"
(AXP) Stock Market News for May 2, 2011 – Market News
Investors were in an upbeat mood after the benchmarks had their best monthly performance in years and the markets had their best run in five weeks, ended with gains on Friday. Through the week, the indices were pushed higher by the Federal Reserve’s vow to keep interest...
(DHI) Home Prices Still Falling
In February, home prices continued to slip, and the declines were widespread. The Case-Schiller Composite 10 City index (C-10) fell 0.23% on a seasonally adjusted basis, and is down 2.60% from a year ago. The broader Composite 20 City index (which includes the cities in the...
(DHI) U.S. New Home Sales Better – Levels Are Still Bad
New Home Sales in March rose by 11.1% from March, to a rate of 300,000. Relative to a year ago, sales are down 21.9%. While the rebound is more than welcome, it is still a very dismal rate of new home sales.
In additional good news about the direction of new home sales,...
(DHI) U.S. New Housing Starts and Permits Rise
Housing Starts rose in March to a seasonally adjusted annual rate of 549,000 from 512,000 in February, an increase of 7.2%. Also, the February numbers were revised sharply higher from 479,000, so it is possible to see the increase as 70,000, or 14.6%. Relative...
(KBH) Homes Crumble – Mortgage Applications Fall as Rates Rise
The rising mortgage rates in the U.S. have pulled down the total mortgage applications in the country, thereby discouraging home buyers. The 30-year fixed mortgage rate increased slightly to 4.93% from 4.92% in the last week, leading to a 2% drop in mortgage application on...
(DHI) U.S. Home Prices Keep Falling
In January, home prices continued to slip, although the declines were less widespread than in recent months. The Case-Schiller Composite 10 City index (C-10) fell 0.22% on a seasonally adjusted basis, and is down 2.03% from a year ago. The broader Composite 20 City index (which...
(BOBE) U.S. Housing Starts Plunge Yet Again
Housing Starts plunged in February to a seasonally-adjusted annual rate of just 479,000 from 618,000 in January, a drop of 22.5%. As a small silver lining, the January numbers were revised higher from 596,000, so it is possible to see the decrease as 117,000, or “just”...
(DHI) U.S. Housing Industry Still Struggling
The prolonged weakness in the housing industry has extended up to February 2011. Housing starts fell 22.5% year over year to a seasonally-adjusted annual rate of 479,000 units in February, in contrary to an expectation of an improvement to 580,000 units.
The drop in...
(AMZN) Stock Market News for March 30, 2011 – Market News
Investors shrugged off disappointing domestic data as energy and technology boosted the indices to highest levels since Libyan violence started dampening the markets last month. However, volumes once again remained low and reflected investor cautiousness ahead of earnings...
(DHI) U.S. Reports Record Low New Home Sales
New Home Sales in February fell by 16.9% from January to a dismal rate of 250,000. Relative to a year ago, sales are down 28.0%. In a very faint silver lining to an otherwise dismal report, the January rate was revised up to 301,000 from 284,000. Thus relative...
(AA) Stock Market News for March 24, 2011 – Market News
Materials stocks took the markets modestly ahead over hopes of rebuilding after an earthquake and tsunami ravaged Japan. Weak US new home sales data took the markets to session lows during the day before rebuilding hopes pumped in modest momentum. However, the day saw very...
(AXR) Home Sales Take Another Dive – ValuEngine Ratings for Home Builders Show Duress
We had poor home sales data last week–new housing starts came in at their lowest levels since 1974. Today, we got even more. New home sales fell yet again and came in at a new record low. The US Commerce Department–which has been keeping this data set almost...
(AXP) Stock Market News for March 9, 2011 – Market News
Indices moved out of negative territory on Tuesday, as Bank of America provided assurances of higher profits and an increase in dividends for shareholders. Additionally, crude prices hit a roadblock and eased off by 0.4% as OPEC members consider ramping up production for the...
(DHI) U.S. New Home Sales Decline 12.6%
The feeble condition of the homebuilding industry has once again reflected in the home sales statistics for January. New home sales dropped 12.6% to a seasonally adjusted 284,000 units from 325,000 units in December last year. Meanwhile, pending home sales index fell 2.8%...
(DHI) U.S. January 2010 New Home Sales Dismal
New Home Sales in January fell by 12.6% from December, to a dismal rate of 284,000. Relative to a year ago, sales are down 18.6%. The December rate was revised down to 325,000 from 329,000. Thus relative to where we thought we were, it could be seen as a 13.7%...
(DHI) U.S. Home Prices Fall Again in December – Case-Schiller
In December, home prices continued to slip, and the declines were very widespread. The Case-Schiller Composite 10 City index (C-10) fell 0.36% on a seasonally adjusted basis, and is down 1.22% from a year ago. The broader Composite 20 City index (which includes the cities...
(DHI) Multi-family Housing Starts Explode
Housing Starts rose in January to a seasonally adjusted annual rate of just 596,000 from 520,000 in December, a rise of 14.6%. The December numbers were revised lower from 529,000, so it is possible to see the increase as 67,000, or 12.7%. Relative to a year ago they are down...
(DHI) U.S. Housing Starts Fall in December 2010 – Permits Up
Housing Starts fell in December to a seasonally adjusted annual rate of just 529,000 from 553,000 in November, a fall of 4.3%. The November numbers were revised slightly lower from 555,000, so it is possible to see the decline as 26,000. Relative to a year ago they are down...
(DHI) Economic Update – October 2010 – U.S. Home Prices Still Falling
In October, home prices continued to slip, and the declines were very widespread. The Case-Schiller Composite 10 City index (C-10) fell 0.93% on a seasonally adjusted basis and is up just 0.20% from a year ago. The broader Composite 20 City index (which includes the cities...
(DHI) Second Leg of Home Price Declines Underway
In September, home prices continued to slip, and the declines were very widespread. The Case-Schiller Composite 10 City index (C-10) fell 0.67% on a seasonally adjusted basis, and is up just 1.52% from a year ago. The broader Composite 20 City index (which includes the cities...
(DHI) October U.S. New Home Sales Still Falling
New Home Sales in October fell by 8.1% from September to a dismal rate of 283,000. Relative to a year ago, sales are down 28.5. It’s not like September was a strong month for new home sales, either — the six lowest months on record (back to 1963)...
(DHI) U.S. November New Home Sales Disappoint
New home sales in November rose by 5.5% from October, but that puts them at a dismal rate of 290,000. The percentage increase is a bit exaggerated as well, since the October numbers were revised down to 275,000 from 283,000. Thus relative to where we thought we were, the increase...
(DHI) U.S. Housing Starts Up, Permits Down
Housing Starts rose in November to a seasonally adjusted annual rate of 555,000 from 534,000 in September, an increase of 3.9%. The October numbers were revised higher from 519,000, so it is possible to see the increase as 21,000 or 6.9%.
Relative to...
(ANF) Stock Market News for December 3, 2010 – Market News
Stocks advanced for a second straight day as better-than-anticipated retail sales and housing data continued to point toward economic strength. European Central Bank’s assertion that it would not abandon its plan to buy government bonds helped contain eurozone worries, helping...
(A) Stock Market News for November 12, 2010 – Market News
Sharp differences among global leaders over trade policies and a flaring currency dispute that was keeping investors on toes lost some significance on Thursday as Cisco System’s disappointing outlook surprised the market and sent stocks lower. The Dow average plunged more...
(ADP) Automatic Data Processing Jobs Growth Results
The Automatic Data Processing (ADP) employment survey was a bit better than expected in October. It shows that private sector employment rose by 43,000 last month, above consensus expectations for a 23,000...
(AA) Stock Market News for October 26, 2010 – Market News
U.S. stocks rose to their highest level since April amid renewed hopes that the Fed would soon initiate steps to stimulate economic growth. A jump in commodity prices, aided by a falling dollar, also helped push stocks higher and the blue-chip Dow average closed at its highest...
(LEN) July Begins Second Downleg in Housing Prices
In July, home prices started to slip again, but unevenly across the country. The Case-Schiller Composite 10 City index (C-10) rose 0.03% on a seasonally adjusted basis, and is up 4.01% from a year ago. The broader Composite 20 City index (which includes the cities in the C-10)...
(BAC) Stock Market News for September 24, 2010 – Market News
A surprise increase in unemployment claims and lingering doubts about Europe’s economy sent stocks lower on Thursday, putting breaks on the September rally which has vaulted major averages up at least 6.5% this month. However, a rise in existing home sales from 15-year lows...
(BA) Stock Market News for September 3, 2010 – Market News
Stocks added to the gains from the previous session after better-than-expected retail and housing numbers helped boost confidence in the economy. However, caution ahead of today’s monthly payroll data restrained traders from making big moves. As traders chose to play it...