January 28, 2013

Pending Home Sales down.

January 28, 2013

Pending Home Sales down.

Pending Home Sales (December 2012)

– Pending Home Sales Index 101.7.  Previous was 106.3.

This should be a leading indicator of home sales and the housing sector in general.

The housing market remains in a strange place. There are still a lot of homes which are underwater making it expensive for would-be sellers.  Supply remains constrained.

Durable Goods Orders (December 2012)

New Orders – Month/Month +4.6%. Previous was 0.7% Ex-transportation Month/Month +1.3%. Previous was 1.2%.

Dallas Federal Reserve Manufacturing Survey (January 2013)

General Business Activity Index 5.5. Previous was 6.6 revised to 2.5  Production Index  12.9. Previous was 2.7 revised to 3.5.  New Orders, Capacity Utilization and Shipments rose sharply.

Details are here