August 9, 2022 | Daily JAM |
The U.S. supply of new homes relative to sales in June was the highest since the middle of the last crash in 2010. In early July, buyer traffic to homebuilder websites and sales offices had plunged to the lowest level for the month since 2012, according to a survey of builder sentiment from the National Association of Home Builders. Here’s the problem: a pandemic housing boom led builders to start construction because the market had too little inventory. In June, 824,000 single-family homes were under construction in the United States, more than at any time since October 2006, according to an NAHB analysis. Now those home builders are having trouble selling those homes
January 17, 2018 | Daily JAM, Notes You Need |
In my daily trawling through the market I come upon lots of tidbits of knowledge that I think are important to investors but that don’t justify a full post. I’ve decided to start compiling these notes here each day in a kind of running mini blog that I’m calling Notes You Need. A typical items resembles this from today: “4:20 p.m.: The U.S. Dollar Index gave up a morning gain to fall back to 90.32 before rallying again to close at 90.736, up 0.34 on the day. Some analysts think that the 90 level on the index might give support to the U.S. currency against other major currencies. Others think the dollar is on the verge of falling to a new thee-year low that could open the way to further declines.”
March 19, 2014 | Daily JAM, Short Term |
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July 24, 2012 | Uncategorized |
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