sales down for oct, but... y-o-y sales are up 31% ... wow, that is a big gain.
we'll see if that continues.
I wonder if the 5.3% supply of unsold houses is normal??
Maybe demand is strong enough for the supply of unsold houses
I don't follow this market
I was getting reports that Miami housing was a dead market but obviously Miami is not the place to be with unsold houses
The USA is a big market and Miami is just one small part
Or my info could be wrong
By Jacob Passy
Housing starts also rose 3.8% as builders look to construct many more homes across the country ...
Big picture: The marked increase in permitting activity underscores the sense that sentiment has improved among home builders. The home-builder confidence index released by the National Association of Home Builders hit a 20-month high in October, though it's since fallen slightly.
From Bears article ; September’s sales were revised to a rate of 738,000 units, the highest level since July 2007.
today, pending home sales up 4% y-o-y ... that is a good number. (if the contracts are signed).
i assume that means both new homes, and existing homes.
very strange that freight traffic is down substantially, yet home sales are doing fine.