Source: forbes.com

  • After new- and existing-home-sales soared in July, analysts expected the rebound in pending-home-sales to slow dramatically,  well it beat expectations – rising 5.9% MoM (vs +2.0% expectations).
  • This leaves pending home sales up a stunning 15.4% YoY…the biggest annual jump since Oct 2012

Source: Bloomberg

This is the highest level for the pending home sales index since Oct 2005…

Source: Bloomberg

“We are witnessing a true V-shaped sales recovery  

  • Pending home sales rose 25.2% in the Northeast and 6.8% in the West. Gains were smaller in other regions, with a 3.3% increase in the Midwest and 0.9% in the South.

Source: zerohedge.com

Used Class 8 Truck Sales Are Stabilizing As Prices Bounce Back

  •  “Pricing is solidifying, customers are buying more used trucks and new truck orders and deliveries are heading back in the right direction.”
  •  Same-dealer preliminary sales were up 16% month over month in July, according to ACT Research. Volumes are up 48% year over year and month-over-month average prices were up 4%. 

  • Recall, we noted less than a week ago that new research from Manheim showed used car prices had exploded to hit new all time highs. The Manheim Used Vehicle Value index climbed to 163.4 in the first 15 days of August from 158.0 in July.

Source: zerohedge.com