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modest proposal
@modestproposal1
, 3 tweets, 1 min read Read on Twitter
New Home Sales on seasonally adjusted basis just printed the cycle high if you use revisions, and 2nd highest initial (Nov 17 was 712K initial/689K revised). April 18 was when market started to get choppy, so even sideways from here and sales will be up meaningfully in 2H.
Surprisingly, on an NSA basis, sales are up year over year. All due to the South, but the South is 58% of sales YTD so that's the most important region to be up...
I expected housing to improve, but this has definitely been faster than I thought. Builders have been more aggressive on price and rates have stayed attractive.
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modest proposal
@modestproposal1
“Justice officials met Wednesday with Comcast and Charter over their possible interest in the airwaves and a potential role as a fourth wireless competitor”

That’s more concrete than I would’ve expected
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modest proposal
@modestproposal1
🙄🙄🙄
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modest proposal
@modestproposal1
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