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Denton County Home Sales Continue Sliding In October

Denton County Texas home sales continued to slide in October as the real estate market softened throughout the Dallas-Fort Worth area. Closed sales in Denton County fell roughly 8 percent for the month of October compared to last year. This is slightly worse than the 6% sales decline for the Dallas-Fort Worth metro area. Pending single-family home sales in the Denton County area were down about 14 percent for the month of October as the stock market swoon also hit the local housing sector. The official statistical estimate of a 9 percent pending sales decline [...]

By |2021-07-05T13:47:18+00:00November 9th, 2018|Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Economy, Housing Market, In the Press, Markets, Mortgage Rates, Relocation, Spin Cycle, Texas Real Estate|0 Comments
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DR Horton Posts Higher Sales And Orders On Lower Average Prices

Dallas-Fort Worth-based DR Horton released fourth quarter numbers showing an 11 percent increase in home closings for the latest three months ending September 30. The company also posted a 11 percent jump in new net sales orders for the fiscal fourth quarter. With 51,857 homes sold during the past year, DR Horton still edges out Lennar as the country's largest home builder by volume. While DR Horton posted solid results on new home sales and profitability in the latest quarter, the housing slowdown is still evident digging into the company's latest numbers. In the midst [...]

By |2021-07-05T13:47:45+00:00November 8th, 2018|Denton County New Homes, Denton County Real Estate, Denton Tx New Homes, Denton TX Real Estate, DFW New Homes, DFW Real Estate, Economy, In the Press, Markets, Mortgage Rates, New Home Sales, Spin Cycle|0 Comments
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Hoisington Q3 Update – Deflationary Wave Of Debt Will Stifle Yields

The deflationary wave of debt growing within multiple facets of the U.S. economy will stifle yields. That's the gist of Van Hoisington and Lacy Hunt's latest third quarter Review and Outlook. As the market was puking on the latest surge in Treasury yields above 3%, I couldn't help but notice that the publicly traded homebuilders were getting crushed yet again. With the Freddie Mac 30-year mortgage rate touching 4.9 percent this week (levels not seen in 7 years), things were getting even uglier for the housing sector. There was nowhere to hide this week if [...]

By |2020-09-22T15:48:11+00:00October 13th, 2018|Denton County Real Estate, Denton TX Real Estate, DFW Real Estate, Economy, Housing Market, Housing Policy, In the Press, Markets, Mortgage Rates, Mortgages, New Home Sales, Politics, Spin Cycle|0 Comments
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Yield Surge Hits Already Beaten Down Homebuilder Stocks

The yield surge experienced this week certainly took its toll on homebuilder stocks. As the yield on the benchmark U.S.  10 -Year Treasury eclipsed 3.2 percent this week, you could hear the air coming out of the publicly traded homebuilder sector. The Dow Jones U.S. Home Construction Index was down 27% as of yesterday's close. The year-to-date declines in the stocks of publicly traded homebuilders certainly don't echo the "remarkably positive" economic circumstances that Fed chair Jerome Powell was playing up this week. I can only assume he was referring to the Wall Street bonus [...]

By |2019-02-06T01:38:23+00:00October 5th, 2018|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW New Homes, DFW Real Estate, Economy, Housing Market, In the Press, Markets|1 Comment
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10 Years After The Housing Crash, Dallas-Fort Worth Experiencing Consequences Of Policy Failures

10 years after the housing crash and the Great Recession that nearly brought the world economy to its knees, the adults in the room are still pretending that everything is normal. If you read the Dallas Morning News and the spin of many professional economists, the DFW real estate market has emerged from the wreckage 10 years ago relatively unscathed. With DFW home prices at record highs, most housing pundits are eager to suggest everything is awesome. Apparently the recent rise in home inventories is just blip in an otherwise normalization of the formerly red [...]

By |2022-01-05T03:38:16+00:00September 16th, 2018|Denton County Home Prices, Denton County Real Estate, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, Economy, Education, Housing Market, Housing Policy, In the Press, Markets, Mortgage Rates, Politics, Regulation, Spin Cycle, Texas Real Estate|1 Comment
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Foreign Buyers Purchasing Fewer U.S. Homes In 2018

The latest 'Profile of International Transactions in U.S. Residential Real Estate 2018' shows that foreign buyers were purchasing fewer U.S. homes and for lower average prices compared to the same 12-month period. The latest survey from the National Association of Realtors covers April 2017 through March 2018. Some of the highlights include A decrease in purchases from $153 billion to $121 billion A unit decrease from 284,500 properties to 266,800 An average price decrease from $536,900 to $454,400 Texas accounted for 9 percent of foreign purchases of homes, behind Florida (19%) and California (14%) For [...]

By |2021-07-05T13:48:05+00:00July 27th, 2018|DFW Real Estate, Housing Market, In the Press, International Real Estate, Markets, Real Estate, Texas Real Estate|0 Comments
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All Roads Still Point Toward Yield Curve Inversion

With the Federal Reserve's balance sheet normalization process set to kick into a higher gear next month, all roads still point toward a yield curve inversion. While govt officials and the Fed's pie-in-the-sky economists continue to was about a robust economy with unemployment levels hovering near cycle lows, there are some widening cracks appearing in the global QE Ponzi scheme. Yesterday the Fed found some "widespread and critical deficiencies" in Deutsche Bank's capital planning controls. You don't say! The stock of Germany's largest bank, a toxic time bomb of opaque derivatives, continues to plumb news [...]

By |2022-01-05T03:38:38+00:00June 29th, 2018|Denton County Real Estate, DFW Homes For Sale, DFW Real Estate, Economy, Housing Market, In the Press, Markets, Mortgage Rates, Politics, Spin Cycle|0 Comments
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DFW Region Posts Solid Job Growth In May

The Dallas-Fort Worth-Arlington (DFW) region posted another month of solid employment gains in May, tacking on an additional 20,200 jobs compared to April according to non-adjusted numbers from the Texas Workforce Commission. For the 12-month period in May, the DFW area has added 122,000 jobs. This kept the official unemployment rate for the Dallas-Fort Worth area at 3.4 percent. Texas added 34,700 seasonally adjusted nonfarm jobs during the month. While job growth remains solid in the DFW area, what's also running hot are DFW prices. The consumer price index for the Dallas MSA posted at [...]

By |2020-03-28T14:41:39+00:00June 16th, 2018|Dallas Tx Employment, Denton County Home Prices, Denton Tx Home Prices, DFW Home Prices, Economy, Markets, Mortgage Rates, Texas Employment|0 Comments
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Toll Brothers Stock Trips On Higher Cancellation Rate

Luxury home builder Toll Brothers reported fiscal second quarter results today, and Mr. Market was not amused. Toll Brothers net income declined for the latest quarter as did income from operations. Income from operations fell from 10.1 percent of revenues last year to 8.4 percent of revenues in Q2 2018. Perhaps more concerning was the jump in Toll's cancellation rate, rising from 3.5 percent last year to 5.2 percent in the second quarter of 2018. While the absolute percentage may seem small, this is actually a significant development when you consider that Toll can be extremely [...]

By |2018-05-22T15:25:47+00:00May 22nd, 2018|Denton County New Homes, Denton Tx New Homes, DFW New Homes, Economy, Housing Market, In the Press, Markets, Mortgage Rates|0 Comments
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Markets Wobbling As Fed Normalization Hits $30 Billion Per Month In Q2

The markets were wobbling again this week, but regardless, the Fed normalization will hit $30 billion per month in April. I must confess that I get a good laugh when I hear market apologists and real estate pundits talk up the magnificent economy and housing market we are blessed with in Texas. Yes, things are pretty good here in the Lone Star State, and the DFW housing market still seems to have legs. Unfortunately the real economy is not nearly as robust as many talking heads and sell-side practitioners would have you believe. The March employment [...]

By |2018-04-06T23:20:16+00:00April 6th, 2018|DFW Home Prices, DFW Real Estate, Economy, Education, Markets, Mortgage Rates, Politics, Real Estate, Spin Cycle, Texas Employment, Texas Home Prices, Texas Real Estate|0 Comments
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