Divergent Fortunes and Trends – Housing Market Review (June, 2020)

Housing Market Intro and Summary I asked in my last Housing Market Review whether the housing downturn could already be coming to a swift end. The stocks of home builders delivered that message and more and more earnings reports from home builders are apparently delivering messages of a sharp recovery. A widening divergence between existing … Read more

Housing Downturn: V-Like Recoveries In Stocks Tug On Sluggish Data – Housing Market Review (May, 2020)

Housing Market Intro and Summary Could the housing downturn already be coming to a swift end? The stocks of home builders are delivering this message. They have enjoyed a very healthy rally and recovery from the depths of the March stock market crash. The challenges ahead are large: worsening economic conditions, unemployment at historically high … Read more

Housing Downturn: Home Builder Sentiment Counters Freddie Mac Optimism

“…if not for the pandemic, the strong momentum going into the Spring may have actually sent confidence higher still. Instead, confidence will undoubtedly plunge in the next report. The consumer sentiment index plunged to a 4-year low as a leading indicator of where builder confidence will go.” Housing Downturn: Put Spring’s Momentum On the Shelf … Read more