Monday, April 18, 2011

Distressed Inventory Dampens Builder Confidence

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Apr 18, 2011 1:24PM

Distressed Inventory Dampens Builder Confidence

There are a lot of reasons why the nation's homebuilders continue to feel skittish about the housing market according to both the Chairman and Chief Economist of the National Association of Home Builders (NAHB.) The two commented on the NAHB/Wells Fargo Housing Market Index (HMI) for April which showed builder confidence for April has slipped back into its previous rut after improving slightly last month. The overall score was 16, down one point from the March figure. The Index has registered a read...

Apr 18, 2011 8:48AM

The Week Ahead: Housing and Q1 Earnings in the Spotlight

The coming days offer little in the way of macroeconomic data, but the sparsely populated calendar does hold new stats on the housing markets. "Housing will dominate the news in the upcoming week," said economists at IHS Global Insight. "February's housing numbers were deplorable, but they were probably dragged down by special factors such as weather and building code changes. March will bring better numbers, but the improvement will be payback, not the long anticipated pickup in demand from an improving...


Micro News

4:16 PM:

Similar Lack of Scheduled Data, but More Potent Tomorrow

3:15 PM:

Dance of the Stock Lever Benefits Bond Market

12:40 PM:

White House Responds to S&P's US Outlook Downgrade

12:38 PM:

Reprices Reported as MBS hit New Highs

12:06 PM:

IMF on Currency, Global Recovery, Deficit, Oil

10:51 AM:

Highlights From Fed's Fisher and Lockhart

10:17 AM:

Citi's Earnings Dampened by Mortgage Business

10:00 AM:

US homebuilder sentiment slips in April

Around the Web

Video News

S&P Explains Negative Outlook

Citi's Narrow Earnings Beat

Views on the Global Economy


Today's Comments

Adam Quinones

"...all ratings downgrade (outlook) related TSY and MBS price losses recovered before end of day! Curve flattens back down to 272bps wide. I shortened up..."

Jason Harris

"Competition...if I understand you correctly low rates were the primary culprit for the housing bubble? I can understand your argument but at best it was..."

CompetitionBenefitsConsumers

"Frank, my point was the article you referred us to does not support YOUR point. Read carefully, 'my' example, was re-formulated from the paper to try to..."

Today's Q&A

Anonymous

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Mojahed Abubars

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