[CANSLIM] Housing sector

From: "Kelly Short" <kelly.short@tx.us.neoris.com>
Subject: [CANSLIM] Housing sector
Date: Tue, 27 Aug 2002 09:27:59 -0500

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CBS Marketwatch has been predicting the demise of the golden-as-of-late =
housing sector over the past few days. Then, the latest figures show a =
record month for new home sales. Another example of "analysts always =
being wrong" (WON) or something else? Anyone have any thoughts?

>From Dismal Scientist:

- -----------------------------------------------------------
Economic Releases Updated Monday  08/26/2002
- -----------------------------------------------------------
RELEASE: Existing Home Sales [United States] (5.33 Million)
FIRST TAKE: Sales of existing homes advanced off of the June lull, but
remain below the frenzied pace of sales hit in the first half of this =
year.
Low mortgage rates will continue to support housing demand, despite a
lackluster expansion, some retreat in consumer confidence, and rising =
house
prices.

RELEASE: New Home Sales (C25) [United States] (1,017,000)
FIRST TAKE: New home sales surprised on the upside, with sales hitting a =
new
record. Near record low mortgage rates are keeping the demand for homes =
very
strong.

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