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Thursday, August 24, 2006

Housing: Difference a Year Makes

by Calculated Risk on 8/24/2006 07:19:00 PM

From MarketWatch: The difference a year makes

The difference a year makes
Recent data quantify housing cooldown (year-over-year changes).
Builders’ sentiment52.2%
New-home sales21.6%
Purchase-mortgage applications20.9%
Building permits20.8%
Housing starts13.3%
Existing-home sales11.2%
Existing-home inventories39.9%
New-home inventories  22.4%

For builder sentiment, they are using the August numbers. For July, builder sentiment was off 44%. So the situation has probably gotten worse. Also, existing home sales lags most of the other indicators.