Oscar Busch's Blog

Undeterred by higher interest rates, homebuyers led the MBA’s weekly applications for the week ending 1/19 higher by 6.0%. Refis rose 1.0% to put the composite index at plus 4.5%. Good start to the new year. Speaking of home sales, Existing Home Sales fell 3.6% in December following a 5.6% gain i...

The January NAHB-Wells Fargo housing market index dipped two points to a reading of 72 from 74 in December. The data was right on with market expectations, as the consensus forecast was for a modest fall to 72. The NAHB index is at an elevated level that reflects some more significant optimism am...

Construction Spending for November rose .8% to an all-time high of 1.257 trillion following a downwardly revised October print of plus .9%. Market expectations were for a call of plus .6%. Spending on residential construction rose 1.0% with single family homes up 1.9%. Year on year shows the stre...