Housing Starts Rise 37% YoY Crushing Expectations
http://articles.marketwatch.com/2013...es-annual-rateStarts rose 24.7% in the Midwest, 21.4% in the Northeast, 18.7% in the West and 3.8% in the South. By structure size, starts for single-family homes rose 8.1%, and increased 20.3% in buildings with at least two units.
While starts in December were up 37% from a year earlier, rates remain far below a bubble peak of almost 2.3 million in 2006.
How misguided can housing bears be?
history repeats and the fed even admitted they were intending to reinflate the housing market.
i guess some people never learn. Inflation doesn't effect prices evenly, money flows to different areas in different amounts.
want to know where all the new credit is going?
"The easy confidence with which I know another man's religion is folly teaches me to suspect that my own is also." ~ Mark Twain.Originally Posted by reduen
I saw that the State was half-witted, that it was timid as a lone woman with her silver spoons, and that it did not know its friends from its foes, and I lost all remaining respect for it, and pitied it."
--Henry David Thoreau
One of these days, all the Fed money sitting in bank reserves and invested by banks in equities is going to come pouring into the economy. You know what it will look like in the initial stages before it drives general price levels through the roof? ^this
The proper concern of society is the preservation of individual freedom; the proper concern of the individual is the harmony of society.
"Who would be free, themselves must strike the blow." - Byron
"Who overcomes by force, hath overcome but half his foe." - Milton
Are these new builds of the atrocious quality seen in many of the new builds between 2004-2009?
"Like an army falling, one by one by one" - Linkin Park
Well I'm in Florida, and am not seeing much if any construction in my areas of travels. The midwest numbers seems surprising, where are these going on at I wonder. If these housing starts are increasing, normally you and I would get a general sense of it first hand, by sight or heresay locally, wherever we live such as in the past. Today I see all these numbers and just wonder lol
Jordan - go buy housing... we'll pick it up for a 30% discount later. They want everyone to believe it's a great time to buy and many are falling for their trap hook, line and sinker.
I agree very much with Kyle Bass that US housing as a general PRICE POINT has stabilized and will go up from here in the long term. US RE is a bargain and value play INTERNATIONALLY.
This thread, however, is not a play on current price point but a indication of current building which indicates the current demand for long term demand (if only only by the current owner).
A lot of new starts signals long term valuations are favorable.
Any debts incurred on these mortgages are valued in USD and the value of the USD is bleak. Remember, the CRASH is home prices has ALREADY occured. The sudden and massive revaluation of the asset price (in this case residential RE) has occured already. Housing has crashed. The CRASH is DONE (in housing).
The next crash is a larger event. It is a debt/currency crash.
In this next crash, which is more of a fluid and ongoing event...real assets will do just fine.
US RE has already crashed and is PRIME in relation to **MOST** of the world.
The largest and most destructive swing/crash in price is DONE.
Hi, I'm Canadian and on the international market, I am BULLISH on well chosen US real estate.
I'm more bullish on gold/silver - but US RE is a gem.
"Like an army falling, one by one by one" - Linkin Park
I keep trying to tell you as someone who works in housing that almost all of this is being driven by the HUD!
Without the HUD housing would be in the toliet.
Without the Gov't funding the HUD it wouldn't exist.
Without perpetual printing and debt that destroys your currency the Gov't couldn't fund the HUD.
What part of this is hard to get?
This entire economy is built a top a failing currency.
But please... march back into this market and prove us all wrong. I'll keep stacking gold and silver and let's see who wins out...
Proud member of the Silver Liberation Army
couldn't disagree more - here's why: the market has never really crashed because it has been supported by law changes, accounting trickery and free money. household expenses are going up, not down. a 1/2% rise in interest rates cuts about $4500 off how much someone can borrow on an average house loan. there are millions of homes being held off the market artificially. boomers are downsizing. just to name a few. go buy real estate if you have money and a job ... only problem is most people don't. in general -- it's downhill for years regardless of what the stats and Bass say.
Last edited by cbc58; 01-18-2013 at 08:16 PM.
I was visiting my parent's in a very rural area of Virginia recently and noticed a ton of new logging projects going on in the area. I figured that was a pretty good indication housing starts were picking up.
Last edited by enoch150; 01-18-2013 at 08:31 PM.
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