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| US Housing Starts; turning up? | |
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| Tweet Topic Started: Jul 23 2009, 06:07 AM (138 Views) | |
| big al | Jul 23 2009, 06:07 AM Post #1 |
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Bull-Carp
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U.S. Housing Starts Quarter to Quarter Show a Mending Trend Big Al |
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Location: Western PA "jesu, der simcha fun der man's farlangen." -bachophile | |
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| The 89th Key | Jul 23 2009, 08:44 AM Post #2 |
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I'm buying my first home tomorrow. Closing at 4pm EDT.
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| ivorythumper | Jul 23 2009, 05:39 PM Post #3 |
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I am so adjective that I verb nouns!
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Based on the chart, that would be unduly optimistic. As long as someone can buy for 30cent on the dollar of new construction, the industry is going to remain tanked. |
| The dogma lives loudly within me. | |
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| big al | Jul 24 2009, 04:46 AM Post #4 |
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Bull-Carp
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We're far from out of the woods, but we may not be headed deeper into the wilderness in the housing market anymore. Big Al |
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Location: Western PA "jesu, der simcha fun der man's farlangen." -bachophile | |
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| ivorythumper | Jul 24 2009, 08:16 AM Post #5 |
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I am so adjective that I verb nouns!
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It would be a good thing if prices have bottomed out and investors are starting to buy up the inventory. You can get some smoking deals if you have the cash. That is quite a different market from new housing starts. What concerns me more than the housing overstock is the commercial building (retail, office, light industrial) overstock which was all financed and will sit empty for years. When these loans start defaulting, which are on the order of millions of dollars per project, the housing issues will looks small in comparison. |
| The dogma lives loudly within me. | |
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6:49 AM Jul 11