This data is fresh evidence that recent gains in mortgage rates are hitting the housing market.
More Quotes from David Sloan:
The comments seemed reasonably hawkish. The Fed is concerned about inflationary pressures..It's certainly clear they are plan to continue to tighten.David Sloan
The ISM data really do look very strong, but you have to remember that these surveys simply ask whether things are getting better, getting worse, or staying the same,
David Sloan
God wants this church here, along with its windows.
David Sloan
Housing is strong because of low interest rates. Because of the aftermath from Katrina, there will probably be a pickup in sales.
David Sloan
I think it seems reasonably clear that there will be further tightening.
David Sloan
The number was stunningly strong. It will certainly cause people to reassess their views on the manufacturing outlook.
David Sloan
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