About Tim Aurora

Tim Aurora


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In United States
Registered Apr 04, 2011


Tim Aurora's most recent comments:

  • On 23 Apr 2014 in New Home Construction Plunges- Got Housing Recovery?, Tim Aurora said:

    smaulgld says

    Why wouldn't home builders build towards that six month supply since as you say there's rising prices on the way?

    Read the whole comment and not just a part of it. The first part said, that until the existing homes are priced above the replacement cost (new homes), the builder cannot build and make a profit.

  • On 23 Apr 2014 in New Home Construction Plunges- Got Housing Recovery?, Tim Aurora said:

    smaulgld says

    New Home Construction plunges 14%

    If there was an inventory shortage builders would be building more homes - they are not

    The Housing Recovery That Never Was is Over

    Did it ever occur to you that the existing house prices are below the replacement cost and that is why there is no new home construction.

    Until, the inventory goes over the proverbial 6 month supply, the prices are going to go up. Currently that inventory is 5.2 months. It is getting there but it is not there yet.

    Also, you are late to the party. The house prices , which normally trace inflation have gone over the roof ( think 30% to 50% in the last 3 years). Any further increase is gravy, the meat is already there.

  • On 22 Apr 2014 in House prices down third month in a row, Tim Aurora said:

    Another spin on the headline. The prices have risen and not fallen. The sales are down.

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