Another way to look at this is a ratio of existing to new home sales. This ratio was fairly stable from 1994 through 2006, and then the flood of distressed sales kept the number of existing home sales elevated and depressed new home sales. (Note: This ratio was fairly stable back to the early '70s, but I only have annual data for the earlier years). In general the ratio has been trending down since the housing bust - and is getting close to the historical ratio - and I expect this ratio...
Read More »Comments on September Existing Home Sales — Bill McBride
Continued strong growth, which is also reflected in home loans.Calculated RiskComments on September Existing Home SalesBill McBride
Read More »NAHB: “Builder Confidence Hits 20-Month High ” — Bill McBride
Calculated RiskNAHB: "Builder Confidence Hits 20-Month High "Bill McBride
Read More »Bill McBride — Is a Recession Imminent?
Last Friday I posted five economic questions I'm frequently asked. Earlier this week I discussed: Are house prices in a new bubble? Another common question is: Is a recession imminent (within the next 12 months)? Once again my short answer was: No. Calculated RiskIs a Recession Imminent? Bill McBride
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