US Housing Starts Spike 4.9%, Building Permits at a 13.5-yr Highs

US Housing Starts Spike 4.9%, Building Permits at a 13.5-yr Highs

#housing #starts #permits #virus #chaos “The stock of housing under construction increased 1.2% to a rate of 1.224-M units, the highest since December 2006″ — Paul Ebeling   US homebuilding increased more than expected in October as the housing market continues to be driven by record low mortgage rates, and is expected to continue, despite […]

US 30-yr Fixed Rate Mortgage Rate Dives to 50-yr Lows

US 30-yr Fixed Rate Mortgage Rate Dives to 50-yr Lows

#mortgage #homebuilding #retail #sales #Fed #QE #bonds #market #stimulus #economy $DIA $SPY $QQQ $RUTX $VXX $SPSIHO The S&P 500 Homebuilding Index (SPSIHO), which includes Lennar Corp.(NYSE:LEN), DR Horton Inc.(NYSE:DHI), and PulteGroup Inc.(NYSE:PHM), gained 2.4% Thursday. The index is up nearly 9% YTD, compared with a 0.05% decline in the broad S&P 500 overall. US 30-year […]

US Housing Starts Fell to 2-Yr Lows in December

US Housing Starts Fell to 2-Yr Lows in December

$SPY, $USD US homebuilding fell to a more than 2-year lows in December as construction of both single and multi-family housing declined, the latest indication that the economy lost momentum in the fourth quarter. Other details of the report from the Commerce Department on Tuesday were also downbeat and suggested that the housing market could remain sluggish […]