Anthony Chan Canary Quotations

The new-home sales market is the canary in the coal mine. Builders have a better clue as to what the right price is to move a house.

Investors have become completely convinced that we need to see the housing canary buckle under a little bit. If the housing market softens, then investors will view that as the canary in the cave that indicates that central bankers will not have to be as aggressive.