The February New Home Sales data came in better than February 2018 for units sold, average sales price, and inventory. The release of the February New Home Sales Report was delayed by the Government Shutdown.
The final GDP growth for 2018 remained at 2.9% even after the quarter to quarter growth rate was reduced from 2.6% to 2.2% and the same quarter growth rate was revised from 3.1% to 3.0%. There were downward revisions to all four main categories for the annualized, quarter to quarter growth, and three of the four categories for the same quarter GDP calculations.
We had our Best New Construction Year since 2007 during 2018. Was new construction slowed down this year, so far, by the Government Shutdown? The release economic data regarding new construction and new home sales was delayed due to the the Government Shutdown. We received the January New […]
The Government Shutdown may have slowed the loan approval process, and therefor the home sales process. February to February. Inventory improved, as did the average sales price. Total units sold were held back by a drop in sales in the West Region from last February.
Please watch, like, and share this video. Published on Mar 28, 2019 In a massive virtue signal the do gooders came out in force to show how pc they are. They were not bright enough to know they were having the oldest trick in the book played on […]
The housing data from the first month or two often set the pace fr the rest of the year. This year, we missed the starting gun because of the Government Shutdown. It is possible that we could receive a larger than expected bounce in the new construction data, the new home sales data, and the existing home sale data. This is a twelve lap race and we are in lap two.
What the recent report of declining household wealth a hiccup or a heart attack? Was it something different? Whereas some economists and pundits are projecting “non-existent” annualized GDP growth of 0.5% for first quarter, it is more likely that we will see between 1.5% and 2.5% annualized growth, and possibly even better han the 2.6% reported during fourth quarter of 2018.
Is this government’s Brexit broken beyond repair? I hope so, it’s a shambles, and a sordid betrayal of the will of the people who voted in majority to leave the EU. We can just leave anyway, under WTO rules, and use the money we save, to kick-start our […]
Forty Nine Muslims are confirmed as dead after a gunman opened fire on them at two mosques in Christchurch, New Zealand. Cue much hand-wringing and vicarious [fake] grieving by TV presenters, politicians, and the liberal media’s talking heads. I await the usual self-loathing analysis and commentary by western […]
The January New Home Sales average eased back from the January record set last year. This is because more homes sold in the $200,000 to $299,999 price range, and fewer homes sold in the $400,000 to $499,999 and $500,000 to $749,999 price range this January than last January. This pulled the average sales price down.