tag:blogger.com,1999:blog-6616959642391988608.post4424508439123960367..comments2024-03-28T00:18:25.641-07:00Comments on Calafia Beach Pundit: Good news on housingScott Grannishttp://www.blogger.com/profile/14028519647946868684noreply@blogger.comBlogger7125tag:blogger.com,1999:blog-6616959642391988608.post-88782356942830441462011-10-20T07:47:42.423-07:002011-10-20T07:47:42.423-07:00brodero - thanks for clarifying the relevance of t...brodero - thanks for clarifying the relevance of the data point.randyhttps://www.blogger.com/profile/16368254229927808998noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-21589822404074504632011-10-20T02:48:21.862-07:002011-10-20T02:48:21.862-07:00Psst...no recession has started unless the y-o-y c...Psst...no recession has started unless the y-o-y change in single family<br />building permits has been negative...broderohttps://www.blogger.com/profile/12296214283216386700noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-52929273688037616412011-10-19T14:53:05.664-07:002011-10-19T14:53:05.664-07:00Home prices rise in Las Vegas:
http://www.lvrj.c...Home prices rise in Las Vegas: <br /><br />http://www.lvrj.com/business/las-vegas-home-sale-prices-rose-in-september-132162568.html<br /><br />Las Vegas is quite possibly the worst housing market in the nation -- and even it is showing a slight uptick.Cabodoghttps://www.blogger.com/profile/08299113185481067179noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-10522399938945672492011-10-19T11:56:23.611-07:002011-10-19T11:56:23.611-07:00I think housing starts is an irrelevant statistic....I think housing starts is an irrelevant statistic. As randy said, that number means something for construction workers and building materials suppliers in the short term.<br /><br />In the long term, it may be more useful to look at the homeowner vacancy rates which are, historically speaking, quite high (~2.75% versus ~1.5%). No need to build more houses while a high percentage of existing RichmondG30https://www.blogger.com/profile/15406119391866964600noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-25041053998490377592011-10-19T10:27:28.433-07:002011-10-19T10:27:28.433-07:00On the "new household formations" number...On the "new household formations" number: what data source do you feel is reliable, and where can that be found? Thanks!Unknownhttps://www.blogger.com/profile/05199522736451064027noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-47856792042486700122011-10-19T09:22:01.250-07:002011-10-19T09:22:01.250-07:00Increasing housing starts is good for construction...Increasing housing starts is good for construction workers, materials suppliers and hopefully builders. It's interesting to consider how it's good for existing homeowners that can't sell their homes, or banks with supposed shadow inventories of foreclosures. I suppose that builders have increasing confidence is a good thing, but many existing homeowners and lenders would probably randyhttps://www.blogger.com/profile/16368254229927808998noreply@blogger.comtag:blogger.com,1999:blog-6616959642391988608.post-24093662049650663992011-10-19T08:47:26.622-07:002011-10-19T08:47:26.622-07:00A feeble recovery in housing it is.
Until the Fe...A feeble recovery in housing it is. <br /><br />Until the Fed starts targeting nominal GDP, as advised by the Market Monetarists, any real estate recovery is likely to be very muted.<br /><br />See Japan. Despite zero interest rates, real estate in Japan never recovered from the 1990 dump, and are still falling. <br /><br />Real estate investors in the US are sidelined now, indicating they thinkBenjamin Colehttps://www.blogger.com/profile/14001038338873263877noreply@blogger.com