It's official the economy has turned......

Little bit better analysis on a housing bottom:The Housing Bottom is Here

I noticed that in '05-'06, the standard 8'X4'X1/2' drywall board was about $12 a board, maybe a little higher. In '10 it was about $5 a board. Now, it's $8.50 a board. So there is demand at least for fixing up/renovating but give it time, things are turning overall.


Does anyone know if we're still in Phil Gramm's "Mental Recession?"
 
Did you try that new light weight s/r? That's stuff is great.Me and my 15 year old daughter had to s/r/ several ceiling and it saved wear and tear on her head. :D She's holding this stuff up on one end using her head standing on a chair.
 
Quote from Covertibility:

Little bit better analysis on a housing bottom:The Housing Bottom is Here

I noticed that in '05-'06, the standard 8'X4'X1/2' drywall board was about $12 a board, maybe a little higher. In '10 it was about $5 a board. Now, it's $8.50 a board. So there is demand at least for fixing up/renovating but give it time, things are turning overall.

Does anyone know if we're still in Phil Gramm's "Mental Recession?"
More...
Good stuff. I think the boomers are also putting downward pressure on the housing market, having been warned for at least 15 years that their sheer numbers were going to crash prices, by cashing out for retirement now. I suspect a large slice is going into condos.
 
Captain Google strikes again.

But...

A far less noted number for headline purposes is the other side of the equation - Housing Completions. Because after all, every house that is started has to be completed at some point. One look at the chart below, shows why completions is quietly ignored, as it presents a far less optimistic picture about the housing market. Indeed, printing at 530k seasonally adjusted annualized units, the completions number was just the second lowest in decades, better only than the 509K from January 2011. And where this becomes rather glaring is when looking at the relative, or percentage, spread between Starts and Completions: at 31.9%, this was the highest in, well, as far as our data series goes back to. Does this mean that homebuilders are merely "breaking ground" for book keeping purposes, just to "paint the tape" and then quietly fading away into the night?
More...

Housing%20Starts%20vs%20Completions_0.jpg
 
No that analysts comments are worth much, but i got a good chuckle out of the timing....because of this thread.....

NVR
LEN
KBH
DHI

All downgraded this morning.... Housing is "rolling along"..... :D
 
Quote from Tsing Tao:

Captain Google strikes again.

But...
More...
You should get out more (than zerohedge), it's a big internet. But, you'd need a search engine to navigate it.

Anyway, sales are up. We're in a hole, but we're climbing out of it. That is what's going to matter to the voting public.
 
I read far, far more than you could possibly comprehend, so please don't go there. You could always try to refute the data instead of insulting the source, notice you did not do that.

As for what will matter most to voters come election, please allow me to correct you once again with this link:

http://www.cx-portal.com/wti/oil_en.html

Have a happy day.
 
If you had a brain you would have been buying stocks like CX, USG and PHM last fall.
Quote from Max E. Pad:

How bout you start here.... in October of 2008 at the height of insanity, when the world was falling apart, there was 767,000 housing starts.

If you start from the beginning of 2008, and go alllll the way back to 1950 (which is as far back as i can find data), there was never a number as low as 699,000 housing starts.

Stating that 699k housing starts is signalling a turn around in housing is assinine, and stating that money is "flowing" into construction based on that number is even dumber.......

Its going to be 10 years before we clear out all the excess inventory, and big money begins to flow back into housing, and housing starts get back to normal levels.

I bet you got this cheerleading shit off of MSNBC didnt you?
More...
 
If you had a brain you would have bought BVSN on january 4, and sold it at the peak on January 24.....

Hindsight trading is for rockstars..... :D


Quote from Trader666:

If you had a brain you would have been buying stocks like CX, USG and PHM last fall.
More...
 
Hindsight for you, not me. You're the one fixated with looking in the rear view mirror.
Quote from Max E. Pad:

If you had a brain you would have bought BVSN on january 4, and sold it at the peak on January 24.....

Hindsight trading is for rockstars..... :D
More...
 
You must log in or register to reply here.
Back
Top