Market Currents
Sep Housing Starts:+15% to 872K vs. 765K expected and 758K (revised) in Aug. Permits 894K vs....
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Wednesday, October 17, 2012, 8:31 AM ETSep Housing Starts:+15% to 872K vs. 765K expected and 758K (revised) in Aug. Permits 894K vs. 810K expected and 801K (revised) in Aug.
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How do you track the difference between starts and completions?
Would you happen to know the approximate lead and lag time between a start and a completion?
Thanks.
HOUSING COMPLETIONS
Privately-owned housing completions in September were at a seasonally adjusted annual rate of 683,000. This is 0.4 percent (±11.2%)*
above the revised August estimate of 680,000 and is 13.8 percent (±16.2%)* above the September 2011 rate of 600,000.
Single-family housing completions in September were at a rate of 524,000; this is 8.5 percent (±15.4%)* above the revised August rate
of 483,000. The September rate for units in buildings with five units or more was 145,000.
This report?:
http://1.usa.gov/OHU8I6
Do you add "sold" and "for sale" together to get completions?
Thanks.
Table 3 the completed number (38,000) which is basically a new home built...now for sale (didn't get bought yet).I look a chart of this
number mapped against recessions to look for when this number could be excessive.
People need to look at the data, understand the limitations of small monthly samples, and incorporate year over year growth rates into their analysis.
If you are an Economist then what would you say when the banks unload the rest of their foreclosed homes onto the market? I am sure you agree that the banks held a good chunk back so that the whole housing market did not crumble.
Now I got this info from a Banker i trust!! Wait till you see after the Election the amount of foreclosed homes hitting the streets. I am sure some out there have a house empty with neither a for sale sign or a forclosed sign hanging.
I know i do! This is in the states as well..Games are being played...No we fear mongers are not fooled. Gold and slver are still rising, and corporations are still forcasting weak quarters for next year.
Not sure where you are getting your information from to decide America is out of the woods yet...Unemployment was given at 7.8% and the markets actually lost ground that day...Doesn't feel too promising to me.
.65%...the average for the 1990's was 1.17%... the low for the 1990's was January 1991 at .73%...The 30 year mortgage rate in
January 1991 was 9.64%...today's 30 year mortgage is 3.7%
The range in the 1990's was .73% to 1.4%...
The US economy continues to accelerate, with strong gains all across the board, huge retail sales, monster housing starts......
NO recession.
All kinds of PIMCO suicidal types
Media has created the norm where good news is no news, but every "disturbing pictures" is getting the stage with the roll-of-the-eyes of Reaganovitch and Friends
Just wait until next year, after the election for all things to break loose.
Buy your metals on this dip. It won't last too long..
But he can't pass it onto his customers yet. But very soon if they continue will have no choice..
amazing!!
You're taking this bbro thing to a creepy level. I guess imitation is the most sincere form of flattery.
Great unemployment numbers today, over 48k more than expected, i AGREE we aren't heading into another Recession. We NEVER got out of the last one. Maybe close to even a Depression without the massaged numbers.
People, open your eyes!!
Buy your physical metals on the dip because we will now have a rabid President who will anything now to get re elected..Be careful, very careful...
Here we go !!!!
GOOGLE STOCK HAULTED!!!
Shares dropped 10% already and they reported early as well...Down 69 bucks...The correction is starting imo..Hope you didn't own too much of it!!
Like in the movie Argo, we decided to go with the best bad plan, and it's working. :-)