US Equity and Economic Week in Review: Real Estate and Equity Market Weakness

        This week was all about housing.  On Wednesday, the Census Bureau released the latest new home sales figures, which were disappointing.  They fell 9.4% M/M and 8.9% Y/Y.  Large declines in the Northeast (-23%) and West (-21%) caused the weakness.  Sales were down in the $200,000-$299,000 (-29%) and $300,000-$399,000 (-23) price ranges, representing 54% of the market.  For the last year, new home sales have printed between a 560,000 and 640,000 annual pace:

Source: XE news feed
US Equity and Economic Week in Review: Real Estate and Equity Market Weakness