Numbers, Numbers, and More Housing Numbers

Hi Everyone,


   It is Friday, and believe it or not, we are just one week away from Christmas, and two weeks from the start of a New Years. It's always an exciting time, since good change is on the way !

   As always, the wheels of our Government are grinding away, and the good folks monitoring the housing market have provided us with some new numbers for New Residential Construction, of which will take a quick look at today.

   As we know from the previous release of these numbers, and as noted in this blog, "New Residential Construction" is broken down into Building Permits, Housing Starts, and Housing Completions. Building Permits were mixed. Housing Starts were up for one segment since the last release, however, down from the same time last year. Finally, the biggest numbers came from the Housing Completions portion, or should I say, "lack of" Housing Completions, with privately-owned completions falling over 14% from October, and close to 40% from last year. That is one heck of a tumble !

   Next week, there are 4 more indicators being released, which are the Loan Performance Housing Price Index (Tue 12/21), NAR Existing Home Sales (Wed 12/22), FHFA Monthly House Price Index (Wed 12/22), and New Residential Sales (Thu 12/23), all of which will be make for a very interesting week.

   We aim to please !

Have a Great Weekend, and Happy Rent-to-Owning !
HomeRun Homes Blog http://blogging.lease2buy.com
HomeRun Homes Website http://www.lease2buy.com

4 Years Until a Housing Bottom ?

Hi Folks,
   I hope you had a great weekend, and welcome back. I'd like to thank all of our contest winners from Friday, and be sure to watch for new contests coming up very soon.

   "The Case for a Housing Bottom in 2013-14" - does that stun you? How about the following analysis; "Bubbles tend to rise and fall in symmetry, meaning that a bubble that took seven years to reach its apex typically takes about the same period to time to retrace to its starting point.". These are just a few of the points mentioned in an article on DailyFinance.com by Charles Hugh Smith. The article is worth a read, and for those who own multiple properties, take something for your stomach acid before reading the article.

   On a similar note, there are some important housing numbers being released this week:

   Tue 9/21 - Loan Performance Housing Price Index (MORE INFO HERE)
   Tue 9/21 - New Residential Construction (MORE INFO HERE)
   Wed 9/22 - FHFA House Price Index (MORE INFO HERE)
   Thu 9/23 - NAR Existing Home Sales (MORE INFO HERE)
   Fri 9/24 - New Residential Sales (MORE INFO HERE)

   It's worth it to take a look at these numbers as they come out. There are a million theories out there regarding the economy and the housing market. Is the sky falling? Well, for a lot of folks, it already has.

   I like to look at it as follows: The "Chicken Little" is someone who runs around claiming that the sky will fall, the "Optimist" is one who has the intestinal fortitude and cash reserves to stay the course and stay positive. The remainder are those who have lost their jobs and their homes. It is a sad mix, with a disproportionate amount of people falling into the remainder category.

   You know what? We are a strong country that has been through many hardships before. With a little optimism in the darkest days, the days of prosperity will return...they just have to. Everyone knows this. The questions is..."WHEN?".

Stay Strong !

Have a Great Week, and Happy Rent-to-Owning !!