More Mixed Signals

More Mixed Signals

While the NAHB came out with a strong homebuilder sentiment reading in its latest report, March housing starts and building permits came in at figures lower than consensus estimates. Starts were at a 926,000 annualized rate while permits were at a 1.04 million annualized rate. Consensus estimates were for rates of 1.04 million and 1.08 million, respectively. The housing recovery continues to exhibit choppiness as it tries to gain traction towards a meaningful upward trend.

Read More

Previous Homebuilder Optimism Looking Up
Next Sales Pace Surge and Price Appreciation in SoCal

About author

Steve Devorak
Steve Devorak 152 posts

Steve Devorak is a former Director of Land Acquisition and Project Manager with extensive experience in the Southern California land market.

View all posts by this author →

You might also like

Housing Market 0 Comments

Sluggish Sales Volume

Sales volume for new and existing homes continues to struggle to find upward momentum. With investors leaving the market in the face of high prices and “normal” buyers still struggling

Housing Market

Slight Slowdown in Sales but Continued Stability in California Housing Market

Existing home sales softened in May to 423,360 units from 427,880 in April. Nevertheless, the May number was 8.9% above the figure from May 2014 and represented the second highest

Housing Market 0 Comments

The Case Against August’s New Home Sales Data

While the census bureau reported an 18% increase in new home sales month-over-month from July to August, not everybody is convinced of the accuracy of the data and how it