GOOD NEWS

By Econ70 | 01/28/2011

New home sales spiked 17.5% MoM in Dec, eclipsing the 3.5% median expectation. But, there’s always a but, the gain was led by a 70% jump in new home sales in the West. Every other region was flat. So all it took was a pop from 4,000 sales to (hold your breath) 7,000 sales in…

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Surged MoM

By Econ70 | 01/21/2011

Yes, building permits surged a pleasant 17% MoM in December. But consider that a 1-month wonder due to a builder rush to get applications in ahead of building code changes that were going into effect on 1/1/11 in NY, PA and CA. This is why permits soared 81% in the Northeast (courtesy of NY and…

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