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The home builder index "ITB" will triple by 2017.
Remember with the builders, as long as traditional supply is lower than 6 months on a starting year basis they have some pricing power leverage. Once the supply turns over then they are directly competing with cheaper existing homes.
So, to their benefit they're pushing up their rental plans even more this year, now this one month number might be boosted by the multifamily tax credit ending. However, they have stuck with their renting theme discipline which has helped them out well this cycle
Nice chart.
There should be a proposition mandating that permits be granted in proportion of population increase.
Nice chart.
There should be a proposition mandating that permits be granted in proportion of population increase.
Here is the starts as a % of the population
The home builder index "ITB" will triple by 2017.
Remember with the builders, as long as traditional supply is lower than 6 months on a starting year basis they have some pricing power leverage. Once the supply turns over then they are directly competing with cheaper existing homes.
If the cheaper, existing homes take a 35% price jump in the next two years, builders should do well.
Oh, and to add to my forecast list above.....The most important......mortgage loans will be easier to obtain. :)
If the cheaper, existing homes take a 35% price jump in the next two years, builders should do well.
35% in 2 years... Hmmm.... 6:44 wine drinking already ;-)
If the cheaper, existing homes take a 35% price jump in the next two years, builders should do well.
Oh, and to add to my forecast list above.....The most important......mortgage loans will be easier to obtain. :)
Oops...another forecast. With an improving economy, come November 2016, Hillary will say "8 years ago the economy was going to hell because of the Republicans. Now, it's doing awesome because of the democrats. Vote for me"
And they will.
Oh, and to add to my forecast list above.....The most important......mortgage loans will be easier to obtain. :)
They just brought back Interest Only Loans from the 2nd biggest portfolio lender in America
Oh, and to add to my forecast list above.....The most important......mortgage loans will be easier to obtain. :)
They just brought back Interest Only Loans from the 2nd biggest portfolio lender in America
It's a start. Lenders and politicians will be bolder with foreclosures dropping like a rock. The last 8 years saw cash buyers, ultra tight lending, and lots of low rate 15 year loans, where equity rapidly builds up. These are very strong housing fundamentals.
It's a start.
except they qualify you on a 20 year amortization with a 2% above note rate to make sure you're not buying or refinancing the home just based on the IO payment ;-)
The housing recovery in one chart
Since Dec 2007
1-unit homes: -35%
2+ unit homes: +23%
so... rent inflation should cool off eventually, and perhaps rents will dip as vacancy increases with the inevitable oversupply?
so... rent inflation should cool off eventually, and perhaps rents will dip as vacancy increases with the inevitable oversupply?
In theory that should happen....We will have some data before hand to get a better view mid 2018-2019 to get an idea on that
THANKS OBAMA!!!!
yep - the democrats war on middle-class suburbia was set in motion: high-density, eco-friendly, ride-share, bike-to-work, live next to differing social classes and races, etc.
puke!!!
In theory that should happen....We will have some data before hand to get a better view mid 2018-2019 to get an idea on that
i guess it takes a few years to complete construction and get things filled in.
this is off-topic, but do you have any data on the direction of high-end housing construction? it seems to be pretty stable (at those lofty prices). who will keep these units propped up over the next 10 years?
this is off-topic, but do you have any data on the direction of high-end housing construction? it seems to be pretty stable (at those lofty prices).
Trend is your friend, build bigger homes for more wealthy home buyers
Now homes over a $1,000,000 if you take top 20 cities in America total sales are less than 5,000, so that market is very small
but do you have any data on the direction of high-end housing construction?
Here are 2 charts for you as well on that
Hey Logan, Why are you up at 5.30am on a Sunday? Go back to bed.
I am up at 4:00 - 5:00 every day which makes Hawaiian vacation very interesting!
This is where my starts have legs theory has the right back drop.
However, as you can see why this has been the worst housing recovery ever recorded post WWII
http://loganmohtashami.com/2015/07/17/renting-nation-still-has-legs/
#housing