Chapter 15. Early Warnings on Housing
In This Chapter
The Pending Home Sales Index leads existing home sales
The Housing Market Index gives homebuilders’ views on the housing market
MBA mortgage applications are an early indicator of house purchases
Housing is an important sector of the economy. It leads the overall economy into and out of recession. Many manufacturing and service industries are affected by the fortunes of homebuilders and real estate brokers. These include everything from carpet manufacturers to bricklayers to landscapers, from appliance salespersons to mortgage lenders.
If housing affects your business, it pays to get any advance notice you can on where housing is headed. Yes, such early warnings do exist. In this chapter, we take ...