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February 24, 2014

Latest Posts from Economist's View

Latest Posts from Economist's View

'Housing Weakness: Temporary or Enduring?'

Posted: 23 Feb 2014 10:03 AM PST


Housing Weakness: Temporary or Enduring?, by Bill McBride: The recent data for housing has been weak, with new home sales and housing starts mostly moving sideways over the last year (with plenty of ups and downs, and I expect downward revisions to Q4 new home sales). Existing home sales have declined 14% from a peak of 5.38 million in July 2013 on a seasonally adjusted annual rate basis (SAAR), to just 4.62 million SAAR in January.

There are several reasons for the recent weakness...

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