The great U.S. debt deleveraging continues
The first revision to second quarter U.S. GDP growth out this morning shows the economy growing at a 1.7% annual rate instead of the 1.6% rate in the preliminary report. Nothing to get excited about—except that other data this morning show that the U.S. economy continues to repair the damage inflicted by the global financial crisis.
Sector Monday (on a Tuesday): Yes, there’s a housing recovery; No, it’s not worth chasing housing stocks right now
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...The housing turn continues to approach but it’s not quite here yet so I’m putting Weyerhaeuser on my watch list
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Slow, uneven, but nonetheless a recovery in the housing market
Two reads today on the U.S. housing market that both say the same thing: The market is bottoming; the recovery is underway; and the process isn’t going to be fast or smooth.
Housing sector continues slow recovery in today’s existing home sales data
The national median existing home price for all housing types rose 0.3% from February 2011. That’s a recovery—but one that’s excruciatingly slow.
No housing boom in these numbers, but a slow and halting recovery seems to be in place
Investors looking for a breakout in housing sales are disappointed with the data on home sales and housing starts released today and yesterday. That’s why shares of homebuilders such as Lennar (LEN) are down—by 2.5% in this instance—today. The recent huge rally in stocks in the sector has left them vulnerable to profit taking on anything less than stellar news.
Housing starts fall, sending copper and lumber prices lower
Housing starts in April came in at a 523,000 annual rate. That’s 11% below the annualized rate for March and considerably short of the 569,000 rate forecast by economists.
Early is happiness and too early is sadness: How to maximize your portfolio’s joy
To subscribe to JAM you need to fill in some details below including, ahem, some info on how you'll pay us. A subscription is $199 (although if you're subscribing with one of our special offers it will be lower) for a year for ongoing and continuing access to the...Download Jim’s eBook for Free
