Housing starts on the rise?

[Mule]

Just heard on the news. New housing starts are up 22% from January. It also stated it was down 47% from a year ago.....

 

[TOOL_5150]

Good it can keep rising. I bought my house for next to nothing in january.

~Matt

 

[growler]

Just heard on the news. New housing starts are up 22% from January.

That doesn't mean very much, in January there were 5 permits issued and in March there were 6.

Other articles say we are at the lowest point since they started keeping records back in 1959.

If you think about it you would have to be crazy to build a house right now ( unless you just happen to have the money and want a custom home). There is such a glut of homes on the market and deals all over the place.

I may be nuts and this is just an opinion but I don't expect the housing market to come back for years. But the good news is that there are a heck of a lot of them out there that are already built and have been for many years. There is more money to made rewiring/repairing existing homes than there is doing new construction. If they will just start loaning some money on these existing homes there are millions of them that have been trashed.

 

[Mule]

That doesn't mean very much, in January there were 5 permits issued and in March there were 6.

Other articles say we are at the lowest point since they started keeping records back in 1959.

If you think about it you would have to be crazy to build a house right now ( unless you just happen to have the money and want a custom home). There is such a glut of homes on the market and deals all over the place.

I may be nuts and this is just an opinion but I don't expect the housing market to come back for years. But the good news is that there are a heck of a lot of them out there that are already built and have been for many years. There is more money to made rewiring/repairing existing homes than there is doing new construction. If they will just start loaning some money on these existing homes there are millions of them that have been trashed.

I believe once the trend starts back upward, the publics confidence will increase alot and spending and lending will resume again. Will it get back to where it was, no, not for a long time, but perhaps to level that will sustain somewhat normal work for us.

 

[dereckbc]

Well the jump was the largest recorded in 40 years.

I disagree, right now is the best time to build or buy an existing home. You are never going to find a better deal on both prices and loans.

 

[Mule]

That doesn't mean very much, in January there were 5 permits issued and in March there were 6.

Other articles say we are at the lowest point since they started keeping records back in 1959.

If you think about it you would have to be crazy to build a house right now ( unless you just happen to have the money and want a custom home). There is such a glut of homes on the market and deals all over the place.

I may be nuts and this is just an opinion but I don't expect the housing market to come back for years. But the good news is that there are a heck of a lot of them out there that are already built and have been for many years. There is more money to made rewiring/repairing existing homes than there is doing new construction. If they will just start loaning some money on these existing homes there are millions of them that have been trashed.

Well the jump was the largest recorded in 40 years.

I disagree, right now is the best time to build or buy an existing home. You are never going to find a better deal on both prices and loans.

Truely nothing personal here, but, These two quotes are perfect examples of "is your glass half full, or half empty?" The market is full of opertunities, and there are folks who will take advantage of it.......question is, who is going to wire their house?

 

[hardworkingstiff]

http://biz.yahoo.com/ap/090317/economy.html

Even with the big increase, construction activity remains 47.3 percent below where it was a year ago. The strength in February was led by a big increase in apartment construction, which can be highly volatile from month to month.

 

[Mule]

http://biz.yahoo.com/ap/090317/economy.html

So the increase in apartments is investors taking advantage of the market?

 

[831]

Any positive news to keep peeps from panic'n (as we've seen FAR TO MUCH OF) is good news.

 

[hardworkingstiff]

Any positive news to keep peeps from panic'n (as we've seen FAR TO MUCH OF) is good news.

Agreed, it is good news.

The stock market heading up is good news.

It will take a lot of good news to get unemployment figures to start heading lower.

If you want to look at some well thought out viewpoints on world resources, go to youtube and do a search for Chris Martenson.