by irdadmin | May 23, 2017 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
So much for the jump in the builder’s confidence index reported last week. The Government reported a literal plunge in new home sales in April. Not only did the seasonally manipulated adjusted annualized sales rate drop 11.4% from March, it was 6% below Wall...
by irdadmin | Feb 22, 2017 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
Toll Brothers reported its Fiscal Q1 earnings this morning. Year over for the quarter: Revenues declined nearly 1%, operating income plunged 46.8%, net income dropped 4.1%. Net income was boosted by the reliable accounting management technique of reducing the...
by irdadmin | Dec 14, 2016 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
The yield on the 10-yr Treasury has blown out 109 basis points since July 3rd – 70 basis points since October 30th. 30yr fixed rate mortgage rates for 20% down payment buyers with a credit score of at least 720 are up 90 basis points since October 1st....
by irdadmin | Aug 25, 2016 | Financial Markets, Housing Market
This is from a reader who posted this comment: I live in “the south” in a very very nice area by the beach. A “developer” built over 20 new homes and purchased several more lots to build on. His last home sold 6 months ago and the rest stay EMPTY! Lock box, not...
by irdadmin | Aug 24, 2016 | Financial Markets, Housing Market, Market Manipulation, U.S. Economy
As I detailed yesterday – LINK – yesterday’s new home sales report was complete fiction. Notwithstanding all of the other statistical manipulations that go into the Government’s Seasonally Adjusted Annualized Rate of sales metric, including...
