The divergence between the depression level weakness in “post-surge” July and August New Home Sales volume vs. continuing sentiment, consensus opinion, Existing Sales volume, and especially last year’s consensus estimates of 500k to 600k New Home Sales for full-year 2013 is absolutely shocking.   This is more evidence we have come full-circle and now believe that […]

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As we await builder earnings and New Home Sales data this week (you should all have a great handle on what to expect; if not let’s do a quick call), I thought it was a good time to put out some “New-Era Housing-U” material.  It’s amazing how age-old, old-school housing economics, metrics, and cliché’s still […]

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9/7 Hanson…”Housing”…Where We Sit

by Mark on September 8, 2013

The following is my opinion based on my research.  I could be completely wrong; I often am.  But I am right more than I am wrong.  And it’s a lot easier predicting the end of this ‘movie’ when you have already seen the previous two installments of this series in the past 6-years.   The next […]

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Remember, “existing” home sales, or “resales”, are counted at the close of escrow.  The real house sale — when the “purchase & pricing decision was made — occurred 30 to 60 days prior when the house went “pending”.  This means the local, regional, and national “July” existing sales data we get out this month are […]

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