Hanley Wood chief economist Jonathan Smoke pulls up real data on local traffic rates and community sales for commentary on yesterday's new-home sales release from the Commerce Department. Smoke is fired-up about all the noise and misreads drawn from the national macro data prints. More
The improvement was nearly three times what economists had predicted, according to a Bloomberg survey. More
Improvement in home prices and consumer confidence helped bring the rate back to a pre-bust level. More
The more volatile multifamily sector registered mixed performance in June. More
The more volatile multifamily sector registered mixed performance in June. More
Housing permits rose to the highest level seen in nearly four years. More
But some light can be seen in the South and Northeast, according to the latest Census data. More
Weak economic growth and a double-dip in prices have prompted revisions to predictions that previously had hope for recovery late this year. More
Job growth will be key to spurring buyer demand. More
Purchasers now have until September 30 to complete transactions on contracts signed by April 30. More