Back to top

Real Time Insight

This page is temporarily not available.  Please check later as it should be available shortly. If you have any questions, please email customer support at or call 800-767-3771 ext.  9339.

New home sales in March rose 1.5% percent to an annualized pace of 417,000, after a 4.6% drop in February. Both months followed a strong 13.1 percent jump in January.

But this number, after yesterday's drop in existing home sales, is likely being veiwed as a slower than expected pace of growth. Consensus was for 419k, and the rise above last month's reading was an easy comparable.

Part of the interesting dynamic here for slower sales actually has to do with lower supply. That's not exactly a bearish sign for the housing market. Here's a paragraph from Bloomberg this morning that sums up the issue...

"Low supply, the result of tight credit and supply chain constraints in the residential construction sector, continues to hold down sales. The number of homes on the market did rise but only by a slight 3,000 to 153,000, and the gain isn't enough to improve the month's supply which is unchanged at 4.4 months. This level of supply is consistent with a strong housing market such as the big bubble days of 2005, not with a slow market like today."

Bottom line: The cycle trough for today's data was around the 300k mark in late 2010/early 2011. Sustaining above 400k means the trend of housing prices and sales is still headed "up and to the right." This seems like good sailing wind for economic and consumer momentum in the next 6-18 months.

And this just in: word is that Barclays has upgraded the whole home builder sector. Those stocks are definitly bid this morning.

5 Stocks to Double in 2014

Today, you are invited to receive a free Special Report from Zacks Investment Research. It reveals five companies that could gain +100% and more in the next 12 months.

One is set to ride a little-known All-American energy boom. Another is a chip maker looking for big gains through Google Glass. Another could be the next alternative energy "Tesla."

Close This Panel X

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

Learn more

Start for as little as $4.50 per trade.

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
BITAUTO HOLD BITA 35.33 +14.82%
ANI PHARMACE ANIP 24.79 +14.66%
E-HOUSE CHIN EJ 10.99 +9.24%
CANADIAN SOL CSIQ 26.97 +7.15%
INTL CONS AI ICAGY 33.30 +5.38%