New Residential Construction Breakdown And Analysis

Hi Folks,
   Happy Friday, and glad to be with you today.

   Earlier this week, the New Residential Construction numbers for January 2011 were released, and since these numbers are quite important, we're going to review them today, along with some expert commentary.

   The New Residential Construction numbers are composed of Building Permits, Housing Starts, and Housing Completions. Both Building Permits and Housing Completions were down for both the December 2010 - January 2011 period, as well as the January 2010 - January 2011 period. Privately-Owned Housing Starts, however, were up during the December 2010 - January 2011 period, but down for the January 2010 - January 2011 period.

   Kirk Nace, an active investor since 1981 who has owned hundreds of units, says that, "Like many other Real Estate reports, a monthly snap shot can be greatly misrepresentative of the real underlying situation". Additionally, Nace says that the "December #'s were partially due to builders beating the new codes by submitting applications early".

   David Rice of New Home Star Corp, says that, "While January numbers did come in below what we all may have hoped, it was by a small margin. Given the inclement weather throughout much of the Country, we may feel better about the numbers. I know that, in some of our divisions, builder offices were closed for two or three days. If someone closed a manufacturing plant for two or three days, you wouldn’t be surprised if production was down for the month by 10%, would you?"

   Additionally, Nace says that he has, "spent decades working with the top professionals around the country in and related to the real estate fields", and says that, "from what we see on the streets, we are still several years away from a market bottom. The inconsistencies being reported to Mr/s Average Joe Homebuyer has created more fear and confusion than anything. This fear has led to wide spread paralysis of these potential buyers." In closing, Nace says that, "We don’t see the situation changing until there exists a perceived level of stability and certainty."

   Well, on that sobering note, we have come along way. What are your thoughts on this?

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

Mixed Construction Numbers and Important News for Sellers

Hi Folks,

   Good Morning and I hope your week is going well.

   As of this morning, the October figures for New Residential Construction were released, which encompasses building permits, housing starts, and housing completions.

   To summarize, both privately-owned housing units authorized by building permits and the single-family authorizations were up from September. Privately-owned housing starts in October were down substantially (in excess of 11% !) from September, while single-family housing starts were down marginally. The last piece of data shows that privately-owned housing completions in October were below the September figures, while single-family housing completions were above the September numbers.

   Now, as the subject of this post mentioned - "Important News for Sellers":

   We are offering 50 Free Seller Ads (2-Month Ad duration) - so you can list your home for Sale or for Rent to Own (a $9.99 value). Is there a catch? Not at all. Let's just call it some early "Holiday Spirit".

   If you are selling a home, how can you grab your free Ad? Just CLICK HERE to send us the E-mail address that you will use to create your ad. We will then send you a user name, password, and the link to log in and place your Ad, add images, etc. This is a very rare opportunity, trust me, so make sure you stake your claim today...CLICK HERE.

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