In today's video, we look at the New Home Sales report from the Census Bureau. We also compare and contrast the SPX with ITB, the home builders ETF and compare to the downturn in New Home Sales in 2006 and 2007. In addition, we discuss the idea that New Home Sales and ITB can be an early predictor of a down turn in U.S. equity markets.
Is New Home Sales Miss Bad for Markets?
2 Comments
Mike
March 23, 2023Great analysis. I never thought of the housing market in these terms.
David Rocha
March 23, 2023These insights inform. Thanks "mucho!"