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17.03.26 - 15:15
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US Pending Home Sales Barely Bounce Off Record Lows Despite Tumbling Rates In Feb (ZeroHedge)
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US Pending Home Sales Barely Bounce Off Record Lows Despite Tumbling Rates In Feb
After reaching a record low last month - with the decline blamed on weather - pending home sales bounced modestly in February (up 1.8% MoM vs -0.6% MoM exp and -10.% MoM prior).
Year-over-year home sales continue to decline (down 0.6% YoY)...
Source: Bloomberg
...just barely off of all-time-record lows...
Source: Bloomberg
Pending home sales in the South, the biggest home-selling region in the country, increased 2.7%.
They rose 4.6% in the Midwest and edged up in the West.
Contract signings dropped in the Northeast.
Mortgage-rates have tumbled (to their lowest since 2022) - helping affordability - so what is holding pending home sales back?
Source: Bloomberg
“The slight gain in pending contracts appears to be driven by improved affordability conditions. However, those conditions could reverse if higher oil prices lead to an uptick in mortgage rates,” NAR Chief Economist Lawrence Yun said in a statement.
Indee...
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13.03.26 - 17:36
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US Senate Votes To Include CBDC Ban In Bipartisan Housing Bill (ZeroHedge)
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US Senate Votes To Include CBDC Ban In Bipartisan Housing Bill
Authored by Vince Quill via CoinTelegraph.com,
The United States Senate voted on Thursday to include an amendment in the 21st Century Road to Housing Act that would prohibit the Federal Reserve from issuing a central bank digital currency (CBDC).
The CBDC prohibition will remain in effect until Dec. 31, 2030, according to the amendment in the bill. The legislation, which passed 89-10, stated:
“The Board of Governors of the Federal Reserve System or a Federal Reserve Bank may not issue or create a central bank digital currency or any digital asset that is substantially similar to a central bank digital currency, directly or indirectly through a financial institution or other intermediary.”
The 21st Century Road to Housing Act, which includes the CBDC ban amendment. Source: US Senate
However, the bill does not prohibit any dollar-denominated digital currency that is “open, permissionless, and private,” such as stablecoins....
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12.03.26 - 14:31
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Mehr Baubeginne in den USA zu Jahresbeginn - Aber weniger Genehmigungen (Cash)
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Die Zahl der Baubeginne legte im Januar um 7,2 Prozent auf eine hochgerechnete Jahresrate von 1,487 Millionen zu, wie das US-Handelsministerium am Donnerstag mitteilte. Bei Mehrfamilienhäusern ging es um 29,1 Prozent auf 552.000 nach oben, während die Baubeginne für Einfamilienhäuser um 2,8 Prozent auf 935.000 zurückgingen. Als schlechtes Omen gilt, dass die Zahl der Genehmigungen für künftige Bauvorhaben gesunken ist - und zwar um 5,4 Prozent auf 1,376 Millionen..
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12.03.26 - 14:18
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US Housing Starts Highest In Over A Year As Mortgage Rates Tumbled In January (ZeroHedge)
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US Housing Starts Highest In Over A Year As Mortgage Rates Tumbled In January
With mortgage rates tumbling (before the war started) and a top-down push for affordability, Housing Starts printed better than expected for January while the more forward-looking Building Permits disappointed, falling more than expected.
Starts rose 7.2k in preliminary January data (far greater than the 4.5% MoM decline expected while Permits plunged 5.4% MoM (worse than the 3.1% decline expected)...
Source: Bloomberg
This pushed the SAAR totals for Starts to their highest since Dec 2024, but Building Permits fell to their lowest since Aug 2025...
Source: Bloomberg
Under the hood, Multi-Family Permits plunged 13.5% MoM (biggest drop since June 2023) while Multi-Family Starts soared 29.1% MoM...
Source: Bloomberg
The lowest mortgage rate since Aug 2022 likely helped spark homebuilder appetite to start building...
A mixed bag overall, and tough to project given the impact of surging Treasury yields on the mortgage rat...
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