Posts about Home Supply as of October 2, 2009

European stockists and end-users of stainless steel have trimmed their inventories as far as possible since the onset of the current economic difficulties. Transaction values bottomed out around March of this year. In the period to mid August, the LME nickel price soared, driven by speculators rather than by fundamentals.

As reported by the National Association of REALTORS®, the number of Existing Home Sales dipped last month , ending the metric’s 5-month winning streak. Newspaper headlines today are overwhelmingly negative on housing. You’d almost believe this year’s housing recovery had ended. That’s hardly the case. See, the other side of the Existing Home Sales story is that — while the number of units sold did fall by 3 percent — the existing supply fell by nearly an entire month .