New Home Sales- Worst March Since 1998, But MSM Says Sales are Up

The Marketwatch headline today?  New-Home Sales Inch Higher in March:
Boosted by warmer weather in the Northeast and Midwest, sales of new homes increased by 2.6% in March to a seasonally adjusted annual rate of 858,000, the Commerce Department reported Wednesday.
That is of course month-over-month.  Year-over-year, [YOY] sales are down 23.5%.  According to the Commerce Department:
Sales [...]

Housing Starts Will Collapse in 3rd Quarter 2007

The recent data  that came  out for February, 2007, that housing starts were up by 9 percent  is wonderful news for the building community, but this will be the eye of the storm as building starts as a statistic will collapse in the 3rd quarter of 2007. And that is not all bad.
In the [...]

Housing and Mortgage Data Key Indicators These Days For Stock Markets

When the housing boom was going on, the financial markets watched and absorbed the profits without much fanfare or hesitation. But since the subprime mortgage meltdown of the past few weeks housing has been under the spotlight and is making the market have huge swings in pricing.
If you are an investor in both real [...]