Banner
Data released on Tuesday shows that Home Prices rose, but New Home Sales fell, as shown on the graphs below.
This data goes hand-in-hand with a decline in Existing Home Sales and in the NAHB Housing Market Index, as mentioned in my post of April 19th.
Home Prices Rising but New Home Sales and Consumer Confidence Declining

Home Prices Rising but New Home Sales and Consumer Confidence Declining

Additionally, Consumer Confidence fell, as shown on the graph below. Since it's a "leading indicator of consumer spending, which accounts for a majority of overall economic activity," it's worth tracking to see if this is a harbinger of economic contraction, or even recession.
Home Prices Rising but New Home Sales and Consumer Confidence Declining

Read more http://www.strawberryblondesmarketsummary.com/2012/04/home-prices-rising-but-new-home-sales.html

                       

small-logoOur Featured  Bloggers represents some of the most in-depth and thought-provoking traders on the web. From Elliot Wave theory and forecasts to swing-trading strategies, and others simply showing you how to trade. You will find numerous options strategies and technical analysis on various equities, ETF's, indices, and futures as there is not shortage of material being offered by these seasoned traders.

Get Ryan's Top Six Trade Setups for Profitable Trading eBook for Free!

twitterfacebookbuttonsrss feedyoutubeemail


enter-the-shareplanner-splash-zone

part-time trader 300x250


Splash Zone Banner for Day-Trading Live Stream Top

SharePlanner Academy

SharePlanner Investment System