Aggregator • MaxedOutMama • ID=88964 |
Pendings - MaxedOutMama Jun 30, 2014, 11:00 am
Once when one cuts through all the shouting, the upshot is that Pending Home Sales remain significantly below last year's levels. On an NSA basis, -6.9%, with all regions clocking in negatively. The Northeast and South have relatively small declines at -2% and -4%. The Midwest and West are a little more decided on the matter, coming in at -8.4% and -14.3%.
So the upshot is still that we cannot look to home sales to carry the recovery forward into 2015.
Construction takes a while to peak and fade, so 2015 is the danger point.
Hobby Lobby/Conestoga decision is out, holding that closely held corporations do have religious protection under RFRA It seems to be about what I expected - a narrow ruling. The fun is going to be in the concurrences and dissents.
Perhaps the next Obama legislative initiative will be to mandate that anybody above a certain net worth must buy a car? In that case, and in that case only, the Hobby Lobby decision might have a national impact. ... more
