Individual Institutional Fintech & Developer
Sign in
Open account
Individuals Institutional

Call toll-free 800.328.1267

Login

Market Insights

Bringing you the trading news around the world.

Stocks

Options

Futures

Market Pulse | Real Estate | Stocks
Market Pulse: Strongest Housing Numbers Since the Last Boom
David Russell
January 21, 2021

Housing is running at its strongest levels since the summer of 2006, according to numbers today. Here’s today’s report from the Commerce Department:

  • December housing starts totaled 1.669 million (annualized). That beat the 1.56 million estimate and was the highest reading since July 2006.
  • December building permits totaled 1.709 million (annualized). That beat the 1.604 million estimate and was the highest reading since August 2006.
  • Single-family homes are dominant, while multifamily continues to weaken. This suggests the suburbanizing trend remains intact.
Tags:

About the author

David Russell
David Russell is Global Head of Market Strategy at TradeStation. Drawing on nearly two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them appraised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.

Related stories

Stock Gains Widen as Investors Hope for Lower Inflation

Stock Gains Widen as Investors Hope for Lower Inflation

by David Russell | May 13, 2024

Money is flowing back into stocks as investors hope for a better inflation report this week. The S&P 500 rose 1.9 percent between Friday, May 3, and Friday, May 10. It was the third straight positive week. More than...

Chart of the Day: Oracle May Have Found Support

Chart of the Day: Oracle May Have Found Support

by David Russell | May 7, 2024

Oracle jumped to new highs almost two months ago. Now, after a pullback, the software giant may have found support. The first pattern on today’s chart is the gap higher on March 12 after earnings surprised to the upside. ORCL retraced the move and is starting to...

AI Boom Fades as Fundamentals Weaken: Earnings Recap

AI Boom Fades as Fundamentals Weaken: Earnings Recap

by David Russell | Apr 30, 2024

Most of the big earnings reports have now occurred, and so far they've done little to boost the market. Companies like Microsoft (MSFT), Meta Platforms (META), Netflix (NFLX), Caterpillar (CAT) and Intel (INTC) reported profits above Wall Street estimates. However...