Sunday, November 22, 2009

Time for a little R and R...

Postings will be spotty over the next two weeks as I hit the road. Here are the things to watch out for....

Existing Home Sales: Will probably be strong, but they were distorted by all of the people that rushed to buy a house before the expiration of the tax credit (before it was extend).


Industrial Production and Capacity Utilization increased slightly in October, but the rate slowed substantially. Consistent with the thesis that we may double dip.

Builder Confidence was still very low in November - The builder housing market index was just 17 in November. Any number under 50 indicates builders think conditions are more poor than good.

Housing Starts declined sharply in October.

Architecture Billings contracted again.


PS: The ten day forecast at my destination calls for daily temperatures of 84 degrees and sunshine. Enjoy the first lake effect snow of the season later this week. I'll be thinking of you all :)

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