by Still down and out: NYC condo price index: Good report here for June, and may revised higher as well. However, no home is built without a permit, so new home sales end up at the same place as permits, and total permits aren’t looking so good. And note the level is still well below all prior cycles, and the charts are not population adjusted: Total permits- single and multi family: Single family permits doing a bit better than multi family: Better than expected but still drifting lower: And note this comment: Buying plans for autos are soft, down nearly 2 percentage points to 10.8 percent in a reading that will bring down estimates for July vehicle sales. Buying plans for homes and appliances are steady. Better than expected.
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Still down and out:
NYC condo price index:
Good report here for June, and may revised higher as well. However, no home is built without a permit, so new home sales end up at the same place as permits, and total permits aren’t looking so good. And note the level is still well below all prior cycles, and the charts are not population adjusted:
Total permits- single and multi family:
Single family permits doing a bit better than multi family:
Better than expected but still drifting lower:
And note this comment:
Buying plans for autos are soft, down nearly 2 percentage points to 10.8 percent in a reading that will bring down estimates for July vehicle sales. Buying plans for homes and appliances are steady.
Better than expected. However manufacturing remains depressed, and the lack of spending is spreading to other sectors:
