Home prices hit a record high

Daily Data: So why are homebuilders so sad?

In today’s dispatch:

• home prices hit an all time high

• strangely, no one wants to build new homes, and homebuilders are sad

• discounts everywhere, but not in the indexes

• the indexes are a little hazy, and that’s ok

---

👉👉👉Reminder to sign up for the Weekly Recap only, if daily emails is too much. Find me on twitter, for more fun. 

Home prices hit a record high

Last week, you may have seen a headline like this:

WSJ

Home prices hit a record high!

Home sales, however, continued to plummet. Presumably, home prices are so darn high, that sellers just can’t be convinced to sell.

Can you believe it?

Prices are so high that no one feels like building new homes

You might have also seen some data like this . . . building starts for both multifamily and single family have rolled over: