Dueling Data 

Consumer confidence is by some measures at its highest level since 10/2000. Unemployment is microscopic, pay is up, and GDP growth is strong. Yet housing slumps. Pending sales are down Y-o-Y for seven straight months, existing sales have fallen four months in a row, home price increases are slowing, as are starts, homebuilder share prices are struggling, and inventory looks to be finally bottoming. Rising prices are finally squeezing demand.



Elliot F. Eisenberg, Ph.D.
GraphsandLaughs, LLC


Cell: 202.306.2731