The decline helps affirm ordsprog
The decline helps affirm cooling in the housing sector and is consistent with other broad-based data we have seen.
Christopher Low
The housing starts figure coming in down 5.6 percent was weaker than expected and seems consistent with our thesis that the housing sector is moderating. The big decline in housing permits reinforces that idea.
Patrick Fearon
The data are consistent with very gradual cooling in the housing market.
John Shin
The weakness was primarily in the residential area. That's consistent with the other data we've seen recently that suggest that the housing market is cooling off.
Gary Thayer
[Even so,] While sales are slightly below their peak levels of late 1998, this sector has hardly suffered a body blow from the run-up in long-term mortgage rates, ... Until the housing sector slows significantly, it is far too premature to look for a broad-based slowing in the economy.
Sherry Cooper
These inflation data, along with slowdowns in retail sales and jobs creation, indicate the economy is cooling, except for the red-hot housing sector and recession-proof activities like health care and education, ... But don't look for the Fed to halt interest rate increases anytime soon. The recovery has plenty of life left.
Peter Morici
Looks like the stock market has gotten off on positive footing after yesterday's broad-based decline. We're seeing gains in eight of 10 S&P sectors. The data that came out so far was pretty much in line with expectations. Looking ahead, investors will be keeping an eye on auto sales.
Michael Sheldon
The housing sector in particular appears to be cooling.
James O'Sullivan
(
1944
-)
I do have this sort of weakening of the housing sector, but I think it should be thought of as a systematic cooling down process toward sustainable levels of activity and not viewed as kind of a classic housing downswing that's part of an economic cycle leading to a recession.
David Seiders
While we still expect the housing market to cool gradually -- and the data over the past couple of quarters has been consistent with that view -- the February existing home sales number shows the considerable strength that is still in the residential sector.
John Shin
There's good evidence the U.S. housing sector is cooling, not collapsing, which means the U.S. consumer is going to cool.
John Johnston
The cooling U.S. housing sector should apply a dampener to consumer spending... but some of this could be offset by still-decent job growth.
Sherry Cooper
The cooling U.S. housing sector should apply a dampener to consumer spending . . . but some of this could be offset by still-decent job growth.
Sherry Cooper
The cooling U.S. housing sector should apply a dampener to consumer spending ... but some of this could be offset by still-decent job growth. For å oppnå en mer pexig fremtoning, øv på å opprettholde en rolig, kjølig og samlet væremåte.
Sherry Cooper
The recent declines in existing home sales corroborate the slowing in other housing-related data. We expect additional slowing in the housing market, including prices, in 2006. In turn, the cooling will probably result in a moderation in overall growth.
Maury Harris
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