Impending national bankruptcy is no reason to expect Washington to stop spending at full tilt.
As I sit to write to you today, the market is up for the third day in a row. This brings a bit of relief ...
Thursday, November 05, 2009
Wall Street is endlessly creative when it comes to figuring out ways to suck up your money.
Things are looking up in South Hampton – and I am not particularly pleased about this.
As I have mentioned ...
Monday, October 26, 2009
The Commerce Department released the September data on housing starts and permits. Both reports disappointed to the downside as September housing starts increased a benign 0.5% to 590,000 units; analyst ...
Friday, October 23, 2009
Housing data released this week continues to discredit any argument supporting a housing recovery, as the Homebuilder’s Index, Building Permits, Housing Starts and stats on Existing Home Sales all reported ...
Friday, October 23, 2009
The U.S. government is taking steps “to help state and local housing -finance agencies provide mortgages and rental housing to thousands of low- and moderate-income families, underscoring the expansive ...
Thursday, October 22, 2009
The second full week of third quarter earnings is sharing headline space this week with the housing sector , as a handful of released reports are causing renewed concerns on the damaged industry. Wall ...
Wednesday, October 21, 2009
... Congress of the coming housing collapse – actually underestimating the severity of it. Still, as one of the few voices predicting the bust, we should listen closely now that the organization sees ...
Wednesday, October 21, 2009
This week all eyes will be on four important housing statistics: Homebuilder sentiment, housing starts, prices and resale activity. As a reminder, both single-family starts and existing home sales ...
Tuesday, October 20, 2009
As Editor Todd Schoenberger reported earlier, a slew of housing numbers are coming out this week and next – but they don’t necessarily tell the whole picture.
“The sudden rise ...
Monday, October 19, 2009
With For Sale signs abundant across most of the United States, any releases on the housing sector data are closely analyzed and dissected for signs the recovery is firmly in place. With four major indicators ...
Monday, October 19, 2009
... and the federal government's tax credit for first-time homebuyers have helped pave the way for stabilization. The U.S. housing market has been showing signs of stabilization, with sales increasing and ...
Wednesday, October 14, 2009
The housing market received some good news last week when U.S. mortgage applications rose 16%, the highest since May. Interest rates for a 30-year fixed-rate loan dropped to 4.89% from last week’s 4.94%. ...
Wednesday, October 07, 2009
Wall Street and Washington have teamed up to save the housing market. The government gave out $8,000 new homebuyer credits, reduced the Fed rate to nada, and bought up 80% of the mortgages.
Wall ...
Wednesday, September 30, 2009
14.
Signs of Hope for U.S. Economy
(Matching tags: Employment Rate,Taipan Insider,Retail Industry,Sara Nunnally,Housing Sector,Banks,Natural Gas,Economic Growth)
... evidence suggests that the job market is picking up – especially in tech, government and healthcare.
Housing Construction Up
Apartment construction is going up. According to Yahoo Finance:
Housing ...
Friday, September 18, 2009
... U.S. home loans fell to the lowest since May amid signs the housing market may be stabilizing and the recession is over.
The average 30-year rate dropped to 5.04 percent from 5.07 percent, mortgage buyer ...
Thursday, September 17, 2009
16.
Three Reasons to Be Happy
(Matching tags: Employment Rate,Crisis Trader,Christian DeHaemer,Housing Sector,Economic Growth)
... It’s called renting. And as more people become renters, apartment construction is going up. According to Yahoo Finance:
Housing construction rose in August to the highest level in nine months as ...
Thursday, September 17, 2009
Although housing construction rose in August, permits for single-family homes dipped 0.2 percent.
From Martin Crutsinger, the Associated Press:
WASHINGTON — Housing construction rose in August, but ...
Thursday, September 17, 2009
Due in part to government tax credits and an improved market outlook, the NAHB/Wells Fargo Housing Market index has reached highest level since May 2008.
From: Lynn Adler, Reuters:
NEW YORK (Reuters) ...
Wednesday, September 16, 2009
... U.S. homes jumped
more than forecast in July to the highest level in almost two
years, signaling the housing crisis that crippled the world’s
largest economy is easing.
Purchases climbed ...
Friday, August 21, 2009
The pending home sales index rose 3.2% in July after rising 3.6% in June marking the sixth straight increase since 2001.
From Julianne Pepitone, CNNMoney.com:
NEW YORK (CNNMoney.com) -- More Americans ...
Tuesday, September 01, 2009
... in July, rising for the fourth month in a row and adding more evidence that the housing market is on the mend.
The Commerce Department reported Wednesday that sales climbed to a seasonally adjusted ...
Wednesday, August 26, 2009
After three years of declines, home prices increased in second quarter of 2009.
From Les Christie, CNNMoney:
NEW YORK (CNNMoney.com) -- National home prices may be on the road to recovery. After three ...
Tuesday, August 25, 2009
... rose more than expected in August and expectations hit the highest level since the recession began, indications that Americans' pessimism about the economy may be lifting. The housing sector also showed ...
Tuesday, August 25, 2009
... MSCI Asia Pacific Index gained +2.5% while Japan's Nikkei 225 Stock Average added +3.4% to 10,581.
And it’s not just markets that are posting strong gains. The U.S. housing market looks like it is ...
Tuesday, August 25, 2009
... U.S. homes jumped
more than forecast in July to the highest level in almost two
years, signaling the housing crisis that crippled the world’s
largest economy is easing.
Purchases climbed ...
Friday, August 21, 2009
We Value Your Privacy!
How the U.S. Government Is Manufacturing a Housing Boom
Written by Sara Nunnally, Senior Research Director, Taipan Publishing Group
This week’s ...
Friday, August 21, 2009
Three Reasons the Housing Bust Isn’t Over
There are many analysts out there who were partying like two little pigs in a stick house when housing starts ticked up last month. The worst may be over, ...
Tuesday, August 18, 2009
In a surprise drop, housing starts for July fell 1%.
“The 1 percent decline in starts to an annual rate of 581,000 was the first drop in three months and followed a 587,000 rate in June, the Commerce ...
Tuesday, August 18, 2009
29.
Fed Extends TALF Program
(Matching tags: Housing Sector,Taipan,Mortgage Industry,Federal Reserve,K. Todd Simms,TALF)
... money next to keep the ball rolling?”
Adam notes that the Obama administration is keeping a watchful eye on the housing market, and he believes that housing will pull through, because the administration ...
Monday, August 17, 2009
Housing prices are down 15.6% year over year, but the prices may be stablizing as sales continue to pick up speed.
From Les Christie, CNN Money:
NEW YORK (CNNMoney.com) -- Median home prices fell a ...
Wednesday, August 12, 2009
After reporting a greater number of net signed contracts for the third quarter, Toll Brothers said the markets are improving and buyers appear to have more confidence.
From Nick Zieminski, Reuters:
NEW ...
Wednesday, August 12, 2009
With a total of $200 billion in bailout money to draw from, Fannie Mae has, so far, drawn almost $46 billion of that amount.
From Tami Luhby, CNN Money:
NEW YORK (CNNMoney.com) -- Fannie Mae, the government-controlled ...
Friday, August 07, 2009
The housing market is looking more promising as Freddie Mac reports lower mortgage rates.
From Brian Louis, Bloomberg:
Aug. 6 (Bloomberg) -- Mortgage rates in the U.S. fell for the first time in three ...
Thursday, August 06, 2009
34.
Buy Foreclosures
(Matching tags: Consumer Spending,Housing Sector,Real Estate)
Foreclosed homes are now selling very rapidly, often with little or no negotiating.
From Les Christie, CNN Money:
NEW YORK (CNNMoney.com) -- You've heard of speed dating? It's got nothin' on foreclosure ...
Wednesday, August 05, 2009
A recent report shows that the $75 billion "Making Home Affordable" program is not moving quickly enough, and only 9% of eligible loans are recieving help.
From Tami Luhby, CNN Money:
NEW YORK (CNNMoney.com) ...
Tuesday, August 04, 2009
... housing market, “which drove the world into recession, is showing signs of bottoming out.” Since that time, “an amazing $4 trillion in U.S. home equity has vanished. Home prices edged up in May, bringing ...
Tuesday, August 04, 2009
... surveys, Housing Price indexes – they all are supposed to guide our forward-looking decisions by keeping at least one eye firmly in the rearview mirror.
When any one of these compendiums of facts, figures ...
Thursday, July 30, 2009
Housing data is beginning to look good. Though it hasn’t recovered, it is nonetheless making an effort in the right direction.
Bloomberg reported, “Falling prices and a drop in mortgage ...
Monday, July 27, 2009
... government report on housing , which said that the sale of existing home rose 3.6 percent in June, the third consecutive monthly increase.
Ford, meanwhile, surprised Wall Street somewhat by reporting ...
Thursday, July 23, 2009
"The crisis cannot end fully until home prices in the U.S. are at least stabilizing." - Alan Greenspan, Former Fed Chairman
Housing is the number-one investment by the majority of Americans. It ...
Thursday, June 25, 2009
Home sales rose 2.4% in May, but home prices are down 17% year on year.
From Julianne Pepitone, CNN Money:
Existing home sales rose in May, as increasingly affordable home prices and a first-time tax ...
Tuesday, June 23, 2009
... $818 million.”
Of course, it’s no mystery why Toll’s business is off. The poor state of the housing market is old news. Big Builder reported that the bad market is the reason why ...
Thursday, June 04, 2009
... in five months, as lower prices attracted buyers.”
This was the biggest gain the index has seen in seven years. And suggests that a bottom is forming in the housing market.
But as I’ve written here ...
Tuesday, June 02, 2009
... Reuters. "We clearly haven't hit the top yet in terms of delinquencies or the bottom of the housing market," one economist said.
Ailing Dollar Sets Gold on Track for $1,000 Mark
The falling ...
Friday, May 29, 2009
The S&P home-price index fell by 19.1% in the first quarter of 2009. The Case-Shiller 20-city index follows housing prices in 20 cities across the nation.
This decline in the Case-Shiller index is ...
Tuesday, May 26, 2009
... average, and some analysts are taking this data as a sign that the recession “has stopped getting worse.”
But the markets didn’t like the news one bit.
CNNMoney’s Alexandra Twin writes, “A weak housing ...
Thursday, April 23, 2009
U.S. housing starts, the beginning of construction for new homes, fell 10.8% in March compared to February. The Commerce Department said new housing starts fell to an annual rate of 510,000.
That’s the ...
Thursday, April 16, 2009
January’s housing price numbers report a record drop. In 20 cities across the nation, housing prices fell 19% compared to January 2008.
The biggest declines were found in Phoenix, where prices fell 35%, ...
Tuesday, March 31, 2009
Some bright economic news this morning shining through the AIG bonus haze…
New housing starts climbed unexpectedly in February. News homes and apartment construction jumped 22.2% in January to 583,000. ...
Tuesday, March 17, 2009
... sales. And therefore, the forward outlook, to my eye, is very weak.
Now WHR stock is a bit of an oddity right now. Most everyone else connected with the housing and home wares biz have been well and ...
Thursday, September 11, 2008
