August NAHB Housing Market Index in at 37 [NotSoBreaking] - MarketTicker Forums


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User Info	August NAHB Housing Market Index in at 37 in forum [NotSoBreaking]
Argos Posts: 6305 Incept: 2008-03-23 The Green Mountain State	Econoday was expecting a reading of 35. 2012-08-15 10:03:16 Permalink
Argos Posts: 6305 Incept: 2008-03-23 The Green Mountain State	NAHB Release: http://www.nahb.org/news_details.aspx?ne.... 2012-08-15 10:05:57 Permalink
Argos Posts: 6305 Incept: 2008-03-23 The Green Mountain State	This was the highest reading since the 39 posted in February 2007. 2012-08-15 10:11:43 Permalink
Trades50 Posts: 4214 Incept: 2007-10-30 Land of Tax and Spend	People were looking at a prior $500,000 house listed for #280,000. It's property taxes are $12,000/yr. The house was foreclosed on 2 times since it was built in 2002. Notice some people in a beat-up car touting they could get a loan from HUD to buy it. The bubble mentality still exist in housing. ---------- When the people fear the government, there is tyranny. When the government fears the people, there is liberty. - Thomas Jefferson 2012-08-15 10:19:31 Permalink
Ckaminski Posts: 1569 Incept: 2011-04-08	Mostly never popped here in Boston, though I do know of one mega house that sat empty for nearly 4 years. And it won't pop here until biotech blows up - that's propping up everything in the Northeast. One of my mortgage friends on FB yesterday: "... Boston is the 5th most expensive for Rentals in the country. What a fantastic time to own your own home!" Ugh. Boston does not equal the rest of the Northeast. Like comparing Norfolk to Manhattan. I just stop trying to inform people. She's in sales - so skirting the truth is ok. 2012-08-15 10:31:03 Permalink
Mayorquimby Posts: 13909 Incept: 2008-09-18 The Archaic Past	Boston and NYC are where all the funny money flows. Until that abates, their real estate markets will remain strong - to a point. Outlying areas should correct however. ---------- They who wish to hurt you, work within the law. - Morrissey Gold is theft. 2012-08-15 10:32:36 Permalink
Ghopper Posts: 2299 Incept: 2011-06-11 Staten Island, NY	NYC is a lot of foreign money doing the buying. 2012-08-15 11:08:01 Permalink
Argos Posts: 6305 Incept: 2008-03-23 The Green Mountain State	By and large, homebuilder stocks rolled over a bit since the Release. I'm guessing that Mr. Market is getting uncomfortable with those rising Treasury yields. Maybe the spectre of Floating Rate Notes is having an effect (the TBAC Report was released on August 1). One way or another, it seems that front-running QE is becoming less fashionable. (I'm short TOL.) Last modified: 2012-08-15 11:37:05 by argos 2012-08-15 11:36:16 Permalink
Erica712 Posts: 1910 Incept: 2009-03-16 Central FL	Plenty of active building going on in my town (20 miles West of Orlando). I can think of 5 neighborhoods right off the bat. Drove by today and homes are going up. $170,000 seems to be the starting price now. Inventory here is down to a 3 month supply (6 months is supposed to be balanced), so we are in a heavy seller's market. 2012-08-15 20:52:44 Permalink
Mezzmor Posts: 1175 Incept: 2008-10-09 Off the grid	The Orlando Slantinel says that we are back to bidding wars on houses: http://articles.orlandosentinel.com/2012.... ---------- Once the "Progressive" and the "educated" have completely destroyed the country, the logical, the wise, and the experienced will rebuild it. 2012-08-15 21:51:36 From PDA Permalink