Builder confidence has ticked up of late heading into the crucial spring selling season.
New home sales in the U.S. totaled 607,000 in January, down from 652,000 in December, the Census Bureau reports. The drop was steeper than projected by economists, who had estimated January sales at 620,000.
TheStreet sits down with one of the U.S.' strongest authorities on the housing market, the chief economist for LendingTree, to discuss what the next round of home buyers will mean for the market.
buyers on the way to $38 are now sellers on the way back up.
Economic reports out of Europe and China have not been encouraging, which appears to leave the U.S. to power the global economic engine.
A monthly report on February jobs shows that nonfarm employers added 20,000 jobs during the month, down from 304,000 the prior month.
If you're trying to gauge the economic strength of a country, and the future prospects of a market as an investor, you need to look at aggregate demand.
The Census Bureau reports that new orders for manufactured durable goods orders increased by 1.2% in December, below economists' average forecast for a 1.7% increase.
When it does, I'll be ready to declare this a full-blown bull market.
Investors are already more focused on what lies ahead when Q1 results start in early April.
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