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M's are now breaching that key age 30-34 level, that group, those who are educated and skilled are buying.
Question really is ...
How much volume traction can you get on the new home purchase side of the equation, existing homes are much cheaper and have a geographic advantage over new homes.
Because new homes are big and expensive, if the builders build more smaller homes which we have seen recently, that's a plus plus for housing...
This chart right here is the most bullish chart for housing I can think off for the new home sector
You want to see a cool down in median sales price growth which is a make shift model pricing from lower priced homes, that's what you need to break over 775K of total new home sales.
You have a low bar to beat on new home sales until you get to 675K-775K ... after that you're going to need to earn it ... 2 years until that 675K -775K is the starting point at minimum.. could take 3-4 years
www.youtube.com/embed/MeM_l5mkyYc
Breaking! Incorporating recent leaks and IRS documents, this short video best explains the dangerous agenda, strategy and tactics of the Soros network, in America. Stand with Christian patriots, for the world God so loves. Produced by: the Awareness Project.
www.youtube.com/embed/lhqqz3QFQKE
You won't believe the George Soros tactics Hollywood is employing to promote the new movie 'Birth of a Nation', and you'll get a real kick out of what trillionaire Lynn Forester de Rothschild has to say about her puppet Hillary.
www.youtube.com/embed/Yi0fKP8dlIc
Andy Hoffman joins me to discuss TRUMPflation, the demise of global fiat currencies, the insanity of India's cash ban - and the blatant TREASON of George Soros.
www.youtube.com/embed/lHHtVC75g1c
Spiritcooking depravity that Hillary Clinton's staffers partake in. So at least Trump is picking the right people to take this beast on... General Flynn knows, or he wouldn't tweet about it.
www.youtube.com/embed/P-od8Aoe8rM
Anon has discovered that the Podesta Comet Ping Pong photos contain encrypted data which if decoded my lead to smoking gun evidence of pedophilia. But even more stunning is the news that according to FBI and intelligence sources, the Podesta brothers were in Portugal on May 3, 2007, the date of the disappearance of Madeleine McCann. Now that Trump has appointed Jeff Sessions to be the new Attorney General of the United States, we call on Mr. Sessions and Mr. Trump to drain the Pedo ring swamp. Guest: V, The Guerrilla Economist.
What "The Worst Bond Rout In 15 Years" Means For Stocks
In light of the dramatic spike in interest rates since the Trump victory, where as we reported yesterday and as Bloomberg comments overnight, "yields on benchmark 10-year Treasuries posted their steepest back-to-back weekly increase since 2001" leading to the "the worst rout in the fixed-income universe in 15 years"...
... and which coupled with a surge in the 10-Year breakeven rate - a gauge of US consumer price expectations - to the highest in more than 18 months...
... has led to the biggest, and so far unanswered, question on Wall Street trader's minds: at what level will rising interest rates pressure risk assets, and become "self-defeating", leading to broader market selloff.
Yesterday, we presented out one argument from SocGen, shown in the table below, which tried to answer this question, and found that there is still some modest breathing room, of just under 30 basis points for US 10Y yield before bond yields start "hurting equities."
However, as we also showed in light of yesterday's market performance, this critical inflection point may have already arrived, because on Friday for the first time since the Trump election, stocks and bonds both fell at the same time:
The move prompted Rick Rieder, CIO for global fixed income at BlackRock to tell Bloomberg in an interview that "the paradigm has shifted in terms of inflation. Long-end interest rates are dangerous. Make sure you are being really careful about the long-end exposure as we saw this week."
To be sure, from a purely technical basis, the bond market may be on the verge of yet another major breakout higher in yields, one which could see the 10Y sliding from its current level of 2.35% all the way to 3%: assuming trendline stops are taken out, the move may be just as violent and rapid as the recent surge from 1.78% a mere two weeks ago.
The above likely means that - at a strictly macro level - the answer how much further bond yields can rise before shattering the eerie stock market calm, will likely be answered shortly.
However, in addition to macro, one should also consider the micro, and it is here that the ongoing bond rout may have more far-reaching consequences. Recall that one month ago we posted a warning from Barclays according to which "The Party Is Almost Over As Payouts Exceed Cash Flow By $115 Billion." The implication was simple: with companies relying extensively on debt to fund stock repuchases, rising rates may soon put an end to corporate repuchases, which as Goldman recently said, were the biggest source of equity demand in recent years.
In fact, as we reported earlier today, according to Goldman, stock buybacks and dividend payments - a main reason for future S&P 500 upside - are now expected to account for a whopping 48% of total shareholder payouts in 2017, representing 48% of the total cash spent by S&P500 firms in the next year, and the most since 2007.
Buybacks alone are expected to amount to 30% of this $2.6 trllion in cash outlays (boosted by Trump's "repatriation tax holiday") or a massive $780 billion, an increase of 30% compared to 2016.
www.youtube.com/embed/_dLWv6ONtd8
Soros's age is mentioned on video to be 64 - because it contains a compilation of old and new clips. His date of birth is August 12, 1930, making him 86 as of August 2016.
www.youtube.com/embed/W7I92r9GqUw
Donald Trump continues his victorious path through the US presidential election 2016. After forcefully succeeding president Obama he faces the globalists and their puppets.
Damn Snopes and the Tampa Times should have done a better job Fact Checking.
That's pretty funny coming from PRI, which is essentially the same as NPR.
PRI and NPR both push a very specific agenda of globalization and suppression of all dissent from politically correct dogma.
APOCALYPSEFUCK_is_ADORABLE says
Macedonian teens made up and circulated false news stories in the US election
Beware of Greeks bearing news.
OK, not Greeks, but close enough.
www.youtube.com/embed/Gn-RvN54Eos
Welcome to New World Next Week the video series from Corbett Report and Media Monarchy that covers some of the most important developments in open source intelligence news.
www.youtube.com/embed/1eRFTHD2CTg
This documentary about George Soros was made from a compilation of different video clips that I have watched, downloaded and edited.
www.youtube.com/embed/9aETpLQ7WcM
In this video Dan Dicks of Press For Truth warns Canadians about an upcoming coup currently being carried out by the Soros family who are now trying to "help" Canadian refugees migrate to Canada.
www.youtube.com/embed/1bcCYdU5Uoo
Soros has been working REALLY hard for Hillarys election. (Maybe because his son was friends with Kaine.) Hes got an agenda to run.
www.youtube.com/embed/baNZ6OBHL9U
Within hours of Donald J. Trump's victory being declared, Facebook was accused of affecting the elections outcome by failing to stop bogus stories. Now, the social network is thinking about ways to deal with fake news.
APOCALYPSEFUCK_is_ADORABLE says
Careful how you frame FYROM in mixed company.
Don't worry, the Macedonians love me. They just gave me this pretty giant statue of a pony. They must know I like ponies.
www.youtube.com/embed/Hse_rtoTNKU
The father of Patrick Zamarripa filed a lawsuit in the US District Court in Dallas on Monday against George Soros, Black Lives Matter and other groups for allegedly inciting a war on police that led to the death of his son.
www.youtube.com/embed/Y-Ko15o_8QQ
Billionaire George Soros cut his firms investments in U.S. stocks by more than a third in the first quarter and bought a $264 million stake in the worlds biggest bullion producer Barrick Gold Corp.
www.youtube.com/embed/zs2opqPa6K0
By philanthropist, political activist, and George Soros singlehandedly created the European refugee crisis; xenophobic rag Soross funding of Black Lives Matter was part of an agenda to swing the US presidential election;In August, hackers thought to be linked to the Russian government stole thousands of documents from Soross foundations servers and put them online.
www.youtube.com/embed/Gi6ryNOg8z0
This is the complete and definitive documentary on the Pizza Gate Pedophilia Scandal involving John & Tony Podesta, Hillary & Bill Clinton, Barack Obama, the DNC, Andrew Kline and Arun Rao of the DOJ, David Brock of Media Matters, and many more.
www.youtube.com/embed/c-UjITi-XRo&t=112s
Prima facie, winning the electoral collage 306 -228 is a telltale sign of an absolute, hands down, resounding landslide. This is why these numbers were kept from being published for so long. As of this posting, Michigan is yet to be called, thus Trump is stuck at 290.
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