CNBC’s Diana Olick breaks down pending home sales data for the month of January, which were estimated to be a rise of 0.8 percent.
Mortgage application volume increased 5.3 percent last week from the previous week and was 0.4 percent higher than a year ago, the Mortgage Bankers Association says.
Jim Cramer says “if we are talking about just any old retailer, I would say it’s time to sell. A miss is a miss. But Home Depot is different.”
CNBC’s “Power Lunch” team is joined by Redfin CEO Glenn Kelman to discuss the latest housing market numbers and trends.
Jim Cramer says “we’re no longer fighting the Fed … So don’t be misled by data from the fourth quarter when Jerome Powell was still stock market enemy number one.”
The number of homes being built in December plunged to the lowest level in more than two years.
A decline in interest rates in the fourth quarter wasn’t enough to offset the impact of rising prices on home sales.
CNBC’s Rick Santelli, Steve Liesman and Dana Olick break down the December housing numbers, including housing starts and building permits.
Steve McCann of Lendlease discusses the outlook for the company’s core business in Urbanization, following the announcement that the firm’s Engineering and Services business will be reported as non-core in its full-year results for 2019 and beyond.
“[Rich Barton has] a huge track record” and his return to be the CEO “took the stock up,” RBC’s Mark Mahaney says. But the internet analyst is still skeptical.