New Home Sales Unexpectedly Jump as Average Prices See Record Drop
August new home sales beat every forecast on a shift to lower priced homes. The average new home price fell $47,700 in a single month, the largest dollar drop on record.
High Mortgage Rates Keep Existing Home Contract Signings Near Record Lows
Pending home sales rose slightly in August but are down nearly 5% from a year ago and remain just above record lows.
U.S. Homebuilder Sentiment Drops to Joint-Least Since 2022
NAHB Housing Market Index comes in below the 50 dividing line between poor/good conditions for a 29th consecutive month, and below 40 for a 17th straight month, the longest such stretch since 2012.
Our Game Plan for This Housing Play
The data landscape has shifted but developments this week could render a decision.
Cloudflare’s Huge Endorsement: 8 Key Items Shaping the Stock Market Friday
The July Jobs Report, Homebuilder M&A, semi-cap lead times, and other headlines are moving stocks this morning.
Renewed U.S.-Iran Questions Weigh on Our New Homebuilding Position
Reports indicate the U.S. rejected limiting terms from Iran, lifting oil prices and Treasury yields.
We’re Calling Up a Housing Play From the Bullpen
These factors will determine the duration of the Portfolio’s position the shares.
DR Horton Showcases Homebuilder Pain: 8 Key Items Shaping the Stock Market Tuesday
Trump’s tariffs, TSM price hikes and other headlines are moving stocks this morning.
Sharp Fall in Housing Starts Confirms Our View on Homebuilding Stocks
Digging into the latest data around the housing market.