Housing on the Brink?

I mentioned in this morning’s column that housing starts were collapsing in a federal report out Monday. However, there’s no real clarity on where that’s coming from:  Could have been the spike in lumber prices (since passed) or it could be the change in demand from declining birth rates, or maybe something as simple as people trying to figure out how to make house payments if they take a bigger plunge. So with this as …

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Housing Data – and the “Hot Cities” Mystery

Just out from Case-Shiller, S&P/CoreLogic – fresh housing data: “YEAR-OVER-YEAR The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 14.6% annual gain in April, up from 13.3% in the previous month. The 10-City Composite annual increase came in at 14.4%, up from 12.9% in the previous month. The 20-City Composite posted a 14.9% year-over-year gain, up from 13.4% in the previous month. Phoenix, San Diego, and …

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Housing Leads Higher

We know that stocks are up around 40% year on year.  But, whether much of that is actual growth or government inflation to “paper-over” a second Depression is a worthwhile conversation. One thing you do need – regardless of your station in life – is a roof over your head.  Usefully, the Case-Shiller/S&P Housing report is just out: “YEAR-OVER-YEAR The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, …

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Housing Still Wild

Before the S&P data, a heads up to look at the CNN story about “76 all-cash offers on one home. The housing madness shows no signs of slowing.” Proper foreplay for this morning’s S&P Housing report? “NEW YORK, MARCH 30, 2021: S&P Dow Jones Indices (S&P DJI) today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for January 2021 show that home prices continue …

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Housing Holds – Long in the Tooth?

The good news is the Housing report from Case-Shiller is pretty good: S&P CORELOGIC CASE-SHILLER INDEX REPORTS: 10.4% ANNUAL HOME PRICE GAIN TO END 2020 YEAR-OVER-YEAR The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 10.4% annual gain in December, up from 9.5% in the previous month. The 10-City Composite annual increase came in at 9.8%, up from 8.9% in the previous month. The 20-City Composite …

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ShopTalk: Disaster Redesign and Estimating

There is an old saying – beneficially learned growing up in a racially homogenous community – among Chinese:  Crisis is often accompanied by opportunity. In fact, though I don’t remember the characters for it,  they are similar.  Now, in the wake of the BlizTex21, is a good time to remember this linkage. There are steps and process in disaster recovery.  Taken the right way, major improvements in lifestyle may be achieved.  Ignore, you will end …

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Housing Prices Rocket

On track to be up 10% for CY 2020 at this rate. The press release scoop: S&P CoreLogic Case-Shiller Index Shows Annual Home Price Gains Climbed to 9.5% in November YEAR-OVER-YEAR The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 9.5% annual gain in November, up from 8.4% in the previous month. The 10-City Composite annual increase came in at 8.8%, up from 7.6% in the …

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Housing Screams Higher

Printing Press On? Why Not? Even though the U.S. Money supply is up over 20% for the year, normalcy bias will prevent most people from caring because their home prices have been rocking-it. Just out: NEW YORK, DECEMBER 29, 2020 – S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. YEAR-OVER-YEAR The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering …

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Personal Prison Sales Soar

Gotta Lock-In Somewhere, Right? If there was ever a reason to  buy the biggest home you could afford, Coronavirus is IT.  Capital I.T. Not surprisingly, people are doing exactly  as programmed: NEW YORK, NOVEMBER 24, 2020 – S&P Dow Jones Indices today released the latest results for the S&P CoreLogic Case-Shiller Indices, the leading measure of U.S. home prices. Data released today for September 2020 show that home prices continue to increase across the U.S. …

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Housing Data: Fed Inflation Arrives?

Just out is the monthly Case Shiller, S&P, CoreLogic (and whoever else) Housing report: “YEAR-OVER-YEAR  The S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions, reported a 5.7% annual gain in August, up from 4.8% in the previous month. The 10-City Composite annual increase came in at 4.7%, up from 3.5% in the previous month. The 20-City Composite posted a 5.2% year-over-year gain, up from 4.1% in the previous …

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