This page has been archived and commenting is disabled.
Spot The 'Odd' Housing Data Out
Following Existing Home Sales sudden collapse catch down to reality (blamed on new paperwork timing), New Home Sales in November printed 490k SAAR (missing expectations of 505k). Historical revisions enabled a 'rise' MoM but we note that new home sales in The Northeast crashed 28.6% (after a huge spike in October) while The West saw sales rise 20.5% MoM (seriously!!??).
And then of course there is 'Homebuilder Optimism' which remains near its 2004/5 peak in terms of cognitive bias.
One of these things is not like the other...
Because, as Sinclair put, "it is difficult to get a man to understand
something, when his salary depends on his not understanding it."
Charts: Bloomberg
»
- 50 reads
- Printer-friendly version
- Send to friend
- advertisements -
Bc we're all on MDMA!
Love you bruh,
Builders
His unwind cometh and that right soon.
" It's contained. "
~Barry
We Democratized some folks...
https://www.youtube.com/watch?v=g9UsmK_TAK8
"The West saw sales rise 20.5% MoM (seriously!!??)."
Well, if they only sold 5 houses in the west last month, selling 6 this month would be a 20% increase.
Where is the trend chart of 30 year olds living back at parents' home?
Another asset bubble brought to you by your friendly Fraudural Reserve
The builders ARE confident ...
(about building cemeteries)
Weather related drop in the northeast, as it was apparently too warm to go home shopping. Poor sales will always be blamed on weather. Too hot, too cold, they need Goldilocks.
One big problem our local propaganda radio guests cite is, "gas prices are too low."
ha ha ha!
Precisely.
Waiting for the "People have been preoccupied with the unseasonably nice weather" meme to gain traction.
They just apply the same excuse no matter WHAT the weather...if there IS weather, it is to blame for the current state of affairs.
So whatever it's doing or not doing out there is the reason for the poor sales figures. Even if Goldilocks does show, her perfect middle-ground will cause consumer spending to decline...
There is no weather phenomenon, including mini localized tornadoes that pick consumers up and deposit them directly into malls, that will not be blamed for poor sales.
Why do they insist on measuring these things on a monthly basis, and acting as though these 30-day fluctuations are in some way meaningful? It's really quite pathetic and desperate, no?
What they never seem to be interested in is the overall trends, and why they may be happening...you know, putting two and two together, the way you'd think they should. Instead, they narrow the focus to the point where the smallest move seems significant, the start of "a new rally!", whatever, despite anything else going on.
Short-term thinking has completely poisoned our outlook on everything. We are no longer ABLE to find solutions to the many problems we face. It is only a matter of time before one of those problems takes us out while we are hyper-focused on some minutiae that blinds us to the bigger picture.
"Why do they insist on measuring these things on a monthly basis"
what difference does it make - as the Lady says - if they did quarterly or annually or 5 years they would still cook the books and apply a subjective interpretation to the contrivance
we live in a fraud - get use to it !
Nice title, fuckwads....
"Spot The 'Odd' Housing Data Out"
spot it out? wtf does that mean?
clean it?
Means there's one not like the other. Here's a hint, home builder optimism appears to be disconnected from reality..