The Existing home sales in the United States fell 5.9% in the month of July, accelerating the 5.5% decline seen in June (downward revised from -5.4%). This is the sixth consecutive month of decreases for the indicator, which registers its biggest drop since February. Year over year, retail sales fell 20.2% Altogether, the sales number […]
Tag: living place
US: NAHB housing market index falls in August to 49, its lowest level since May 2020
The US NAHB housing market index has fallen six points in August, falling back to 49 points from 55 in July, and reaching its lowest level since May 2020. The market consensus expected the indicator to remain unchanged at 55. The builder confidence fell for the eighth consecutive month in August, as high interest rates, […]
We are closely monitoring the housing market to judge the adequacy of the monetary stance – Christopher Waller
The member of the board of governors of the Fed Christopher Waller said on Thursday that they are closely watching the housing market to judge the adequacy of the Fed’s monetary stancereported Reuters. Featured Statements: “I’m noting whether the continued sharp rise in house prices poses risks to financial stability“. “The rising rental cost has […]
Existing home sales fall 4.6% in December
Existing home sales fell 4.6% in December. The data did not lead to a reaction from the foreign exchange market. US existing home sales fell 4.6% in December, much worse than the expected 0.8% increase, according to data released by the National Association of Realtors on Monday. That pushed the 12-month moving average of sales […]
Housing starts up 11.8% in November, building permits up 3.6%
New home starts in the United States rose 11.8% monthly in November after falling to a rate of -3.1% in October, as shown this Thursday data published jointly by the United States Census Bureau and the United States Department of Housing and Urban Development. Additional details from the post revealed that building permits, which increased […]
Pending Home Sales Increase 7.5% in October vs. 1.0% Expected Increase
Pending Home Sales in the US they rose 7.5% on a monthly basis in October after falling 2.3% in September, data released by the National Association of US Realtors on Monday showed. That sent the pending home sales index up to 125.2 in October from 116.5 in September. On a year-over-year basis, sales were down […]
US: Underlying Demand for Homes Remains Strong
Data released Friday showed that new home sales rose 1.5% in August, versus expectations of a modest decline. According to Wells Fargo analysts, Sales have cooled off compared to the feverish pace seen in late 2020 and early 2021, but they argue that despite some recent moderation, the overall pace of sales remains very strong […]
Chinese real estate sector risks falling into bear market – Citibank
Home prices in China are at risk of a “significant decline” regardless of what happens to Evergrande Group, Bloomberg reports citing analysts at Citigroup. Featured Comments “It seems clear that even in an orderly restructuring, China’s real estate sector likely to face downward pressure.” “While authorities try to limit lower prices of real estate due […]
Bullock says they are watching developments in the housing and credit market very closely
Reserve Bank of Australia Deputy Governor Michelle Bullock has said in a speech scheduled Wednesday that they are “observing closely the evolution of the housing and credit market“. Additional comments if it is continually evaluating whether macroprudential tightening is necessary. Macroprudential standards should be risk-driven derivatives of highly indebted borrowers. Include tools that address loan […]
USD / CAD rises sharply above 1.2600, leaves 200-day DMA behind
USD / CAD hits a new weekly high at 1.2630. Risk market sentiment weighs on the loonie. USD / CAD is up for the second day in a row, growing 0.35% on the day at 1.2614, leaving the 200-day moving average behind. Previously, the pair recorded a new high for the week at 1.2630. The […]