Today’s Pending Home Sales for June month-over-month came in lower than the expected 0.5% at a -1.1%. The prior May number was a 6.1% later revised to a 6.0%. Tomorrow the S&P/Case-Shiller 20-City Composite Home Price Index is due for release at 9am. Heading into the release, the spread of the S&P/ISDA CDS U.S. Homebuilders…
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The National Association of Home Builders sentiment index for February, reported yesterday dropped sharply to 46 from 56 in January and an average of 51 for 2013. A reading above 50 means more builders view the market as favorably than as unfavorable. Housing permits and starts for January were reported this morning and are also…
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