Posted by RichardK on November 22, 2002 at 18:38:04:
that the market has changed early?
Housing starts CRASH… - Posted by David Krulac
Posted by David Krulac on November 20, 2002 at 19:05:20:
read the article:
Read Further … - Posted by Carmen_FL
Posted by Carmen_FL on November 21, 2002 at 09:37:48:
Reading further, you’ll see the sky is NOT yet falling:
Newly issued permits were up 1.7 percent to a 1.76 million-unit rate in October on a 2 percent gain in the single-family sector and 1 percent rise on the multifamily side.
Garczynski noted that the backlog of unused permits rose in October, apparently due to builders delaying the start of new projects because of unusually wet weather conditions. “We wouldn?t be surprised to see a bump in starts with a return to normal weather patterns,” he said.
While this could be a significant statistic … - Posted by Robert M. Campbell
Posted by Robert M. Campbell on November 20, 2002 at 20:36:44:
one or two months of data does not make a trend.
Robert M. Campbell
Good point, this is why … - Posted by Robert M. Campbell
Posted by Robert M. Campbell on November 21, 2002 at 10:47:53:
the general public almost always confused about true market conditions.
They only read the headline grabbing news.
One month the public is universally convinced the sky is falling.
The next month they change their beliefs to a more moderate - or even optimistic - outlook.
Very seldom does the general public look beneath the surface of these monthly market statistics to get a better grasp about trends and what is really going on.
This is especially true at major market turning points. They don’t know the trend has changed until it becomes obvious - then, of course, its too late.
Robert M. Campbell
Re: On interesting number though… - Posted by Tim Fierro (Tacoma, WA)
Posted by Tim Fierro (Tacoma, WA) on November 21, 2002 at 24:03:23:
But it can make you take notice that this number is also the lowest it has been in almost 9 years. How it gets interpreted is up to each individual.