Monthly Archives: February 2017

Dynamite Domiciles Last month existing home sales absolutely sizzled, hitting a rate of 5.69 million/year, the best level since 2/07. Remarkably, this strength came despite inventory of only 1.69 million units. That’s just 3.6 months of supply at the current … Continue reading →

migration

Sales of new single-family houses in January 2017 were 555,000 at a seasonally adjusted annual rate (SAAR), up 3.7 percent from December’s revised rate, and up 5.5 percent from January 2016.

Better Borrowing Total household debt increased by $226 billion in 16Q4, and is just $99 billion below the peak of $12.7 trillion set in 08Q3. However, household debt is now just 67% of GDP, down from 85% at the peak. … Continue reading →

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lumber

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