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More here: December US New Car Sales "Down, Exceptionally Weak" Says Bloomberg; WSJ Says Up and Strong
Read the original: Pending Home Sales Decline 0.9%, Well Below Lowest Estimate; About that "Know Before You Owe" Theory
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Taken from: New Home Sales vs. Labor Force and Civilian Population; Factors Behind Decreasing Sales
Existing Home Sales Decline, NAR Calls Report "Disturbing"; First Time Buyers Decline Third Year; Housing Clearly Weakening Existing home sales came in a bit under Bloomberg Econoday Consensus , down 3.4% in October. Year-over-year trends are weakening. Sales of existing homes are not a source of strength for the economy, down 3.4 percent in October to a slightly lower-than-expected annualized rate of 5.36 million.
Business expectations are high and rising as measured by a new high in the inventory-to-sales ratio.
Retail Sales Weaker Than Expected, Led by Autos; Car Boom Ending?
Read the original post: Sales, Earning Estimates Contract First Time Since 2009; US Back in Recession?
Existing Home Sales Up 4.7% Following Last Month’s 5% Decline; Home Price Weakness Existing home sales bounced this month, coming in just above the high end of Econoday Economists’ Estimates . Existing home sales bounced back very strongly in September, up 4.7 percent to nearly reverse the prior month’s revised decline of 5.0 percent, a decline that now looks like an outlier. The month’s annual sales rate, at 5.55 million, is just beyond Econoday’s top-end forecast and the second best reading of the recovery.
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