Is the housing recovery back on track?

SCOTT ANDERSON

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Is the housing recovery back on track?

机译：房屋复苏是否回到正轨？

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Investors cheered the rebound in new home sales in October, concluding that the housing recovery was back on track and home buyers had shrugged off the rapid climb in interest rates since the end of May. But the reality has been a bit more complicated. On the surface, the 25% jump in monthly new home sales is impressive. In one month, home sales bounced back to the June 2013 level on a seasonally adjusted basis-fully recovered from their summer swoon. But keep in mind that one month of stronger sales is not convincing evidence of a trend. A few more months of strong data is needed for a true picture of demand.

机译：投资者为10月份新房销售的反弹感到鼓舞，认为住房复苏已步入正轨，自5月底以来购房者已经摆脱了利率的迅速攀升。但是现实却更加复杂。从表面上看，每月新房销售增长25％令人印象深刻。在一个月内，房屋销售在经过季节性调整的基础上反弹至2013年6月的水平，从夏季股市中完全恢复过来。但是请记住，一个月的销售增长并不令人信服。要真实了解需求，还需要几个月的强大数据。

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《ABA Banking Journal》 |2014年第1期|8-8|共1页
作者
SCOTT ANDERSON;
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Bank of the West, San Francisco, Calif, and chairman of the ABA Economic Advisory Committee;

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Is the housing recovery back on track?

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