Sebrock

Will Housing Bottom in 2010 or 2012?

Everyone here is missing one factor - which I see in the sub-market I am in, which consequently is not much lower than in 2006 - that is that as construction prices go up, supply will start to drop, less houses will sell and they will sell for cost +. At that point the market will go back to normal - the market and sales numbers of the last few years were not normal and the numbers were unsustainable. The number to watch is not predicted futures but starts, when starts stabilize after declining, the market has bottomed.