New Home Sales Jump: What It Means for Homebuilders

The video discusses the relationship between builders and new home sales, highlighting a significant increase in new home sales and the rally of home builders since 2012. It examines the role of ECO data in supporting home builders and the importance of home building as a positive economic indicator over the past three years. The video also explores the impact of mortgage applications and home sales on the market, emphasizing the significance of these sectors as indicators of economic direction. Finally, it considers the future outlook for home builders and the economy.

What role do mortgage applications play in the home sales market?

Why are home builders considered an indicator of economic direction?