Revised Census Bureau Release Schedule Reax: Boy, the Housing Market Must Really Stink For Its Reports to Be Delayed So Long
From the Census Bureau’s revised schedule of releases:
New Residential Construction
September [originally scheduled for 10/17/13] 11/26/13
October [originally scheduled for 11/19/13] 11/26/13
November [originally scheduled for 12/18/13] No Change
New Residential Sales
September [originally scheduled for 10/24/13] 12/4/13
October [originally scheduled for 11/27/13] 12/4/13
November [originally scheduled for 12/24/13] No Change
Really, we’re not going to see any new home industry info for another five weeks? Miss 16 days, skip over a month?
Only one other report (on Construction Spending, originally scheduled for Nov. 1, now coming out on Dec. 2) is being similarly delayed. Another close one is the report on Manufacturers’ Shipments for August, which will be combined with September when released on November 4.
But no housing data until just before Thanksgiving? The homebuilding industry must really be getting hit hard by what would be relatively inconsequential increases in interest rates — if we were in a robust economy, which we haven’t seen since about eight months before Barack Obama took office.