Consumer outlook not to blame for slowing existing-home sales

massive reporting flaws. There is little of meaning that can be read into the existing-home sales numbers, at present. It well may be rising; maybe it is not. The passage of time will tell. Headline new orders for durable goods fell by 7.3% in July, dominated by a plunge in the irregular new orders for commercial aircraft.

The GSE explained while existing home sales may struggle to top their best-in-over-a-decade 2017 performance, new home sales should provide enough growth to push total home sales higher in 2018.

US existing home sales have fallen to their lowest rate in over three years, a sign that the housing market continued to dwindle at the close of 2018.. Expert Outlook. Softer sales in December reflected consumer search processes and contract signing activity in previous months when mortgage rates were higher than today. Now, with mortgage.

COMMENTARY NUMBER 637 GDP Revision, Durable Goods Orders, New- and Existing-Home Sales June 25, 2014 _____ Collapsing First-Quarter 2014 Economic Activity (GDP, GNP and GDI) Fell Below Third-Quarter 2013 Levels GDP Activity Fell, Even Before Adjusting for Slowing Inventory Growth Quarterly GDP Activity Contracted, Even Before Adjusting for.

Implications: Existing home sales retreated in March after posting the second largest monthly gain on record in February. Sales fell 4.9% for the month, returning to a more moderate pace. Despite the negative headline number, Q1 as a whole posted a 1.2% gain over the Q4 2018 average, the first quarterly gain after four consecutive declines.

This week we review new and existing home sales, durable goods and. at the slowest pace in six months. Not only is the service sector slowing, but the manufacturing sector is slowing as well. The.

“The economy is slowing but not enough to derail the expansion,” said Diane Swonk, chief economist at Grant Thornton. “The bad news is the straws on the camel’s back are really piling

Holistic approach needed to fix vital federal mortgage programs Instead, it says that employers with more than 50 workers need to pay. Fears that the Federal Reserve may soon pull back on its bond-buying program sparked a broad selloff in global financial.

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Total consumer. slow-down on both fronts. That’s not necessarily bad for real estate, but it is a red flag for residential construction stocks. This week is going to be considerably lighter. The.