Housing: Better and Better

Housing continues to recover with more positive data coming out this morning. The existing home sales report for November was strong than expected at 5.04 million versus a consensus expectation of 4.9 million. Inventory of existing homes for sale sank 3.8% month-over-month to 2.03 million units, down from 2.14 million units in October. This is real growth in the market that shows growth is truly stabilizing and a very welcome recovery in a sector that’s been down on its luck for some time now.

 

Image012 normal

  • Investing Ideas

    Investing Ideas is for the savvy, longer-term self directed investor looking for fresh, exciting, long-only opportunities.

    $29.95 per month
  • Daily Trading Ranges

    Every morning, you'll receive our proprietary buy and sell levels on major markets, commodities and currencies.

    $29.95 per month
  • Real-Time Alerts

    Receive email alerts every day in real-time whenever our proprietary model flashes a Buy or Sell signal.

    $29.95 per month
  • Morning Newsletter

    An irreverent, smart and unique take on global macro events including markets, the economy and politics.

    $29.95 per month