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FDIC:  US Residential REO Declines in Q4.

FDIC reports Record Earnings for insured institutions, Fewer Problem banks, Residential REO Declines in

U.S. Light Vehicle Sales decrease to 16.9 million annual rate in August

Light Vehicle Sales decrease to million annual rate in February

national-median-sale-price

Home Prices Jump in December, Posting Biggest Increase in Almost Two Years - @Redfin

US Construction Spending decreased 1.1% in January.

Residential Construction Spending continues to drive the US Construction Sector.

Housing starts

The growing nation of US renters is converging the multi-family sector on the leading single-family sector.

Vehicle Sales: Fleet Turnover Ratio

January US Home Inventory fell to months of supply.

Construction Spending

Construction Spending decreased in November, Up YoY

Residential Investment

The Housing Sector is no longer the Key US Economic Driver that it once was.

Fed's Flow of Funds: Household Net Worth increased in Q2

Calculated Risk: Fed's Flow of Funds: Household Net Worth increased in

key question in 2013, though, is whether prices will rise enough so that for-sale inventory–which has fallen 43% nationally since the summer of 2010–will hit bottom and start expanding again.

key question in though, is whether prices will rise enough so that for-sale inventory–which has fallen nationally since the summer of hit bottom and start expanding again.

Earlier: ISM Non-Manufacturing Index decreased to 52.9% in May

ISM Non-Manufacturing Index increased sharply to in September

The dollar value of Real Estate Owned (REOs, foreclosure houses) declined from $9.5 billion in Q2 to $8.8 billion in Q3; and the number of problem financial institutions on FDIC’s list declined.

FDIC bank owned real estate inventories are declining rapidly.

Existing Home Supply

CHART OF THE DAY: Why The Price Of Your Home Will Keep Going Up

Banks are controlling the supply of distressed sales to work off their inventory at higher prices.

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