October 2013 New Home Sales Improved From a Disastrous September

Written by John Lounsbury and Steven Hansen New home sales data for October 2013 improved – but this is based on the terrible delayed government shutdown data for September data which was released concurrently. The terrible September was influenced by the government not processing loan applications. The data remains very noisy and needs to be …

October 2013 Pending Home Sales Continues to Forecast Slowing Home Sales

Written by Steven Hansen The pending home sales index for October was released by the National Association of Realtors (NAR) today, and our analysis suggests that November existing home sales may not be good.