getrealjim

Masco: Ready to Rebuild

What a loan of nonsense. This is more of the same ignorance that that has supported the current run-up in the market. Every factor points to further and extended declines in the homebuilding market and in the home renovation\remodeling market. The first is the lowest single family housing starts announced this morning. This decline is not done. Regarding the remodeling sector, homeowners do not invest in their homes when values are declining. Furthermore, home equity loans have been the engine behind much of the remodeling during the past five years. Oh, I forgot the mention the recession and declining employment. Think!