joof

How Bloomberg Fabricates U.S. Housing Numbers

Amazing but true

NO One on this thread actually read the article and understands the numbers. That actual number of excess units- housing vacant above trend- is a fraction of this large number

Three items make up the 19 MM - vacant for sale, vacant for rent ( including apartments) and seasonal (second homes). About 1/3 of the total comes from each.

Seasonal homes by definition aren't excess - they don't compete for primary occupancy in most markets. In this kind of world many will try to dump the beach house or Vail condo, and prices for second homes are very soft- just like in any recession. But that really doesn't directly affect most primary housing markets.

On for rent (apartments) nation vacancy is about 7.3% , or about 2% over what owners would like. Say that means 1 MM excess housing units.

On for sale most analysts would say that that the current vacancy rate is about 2x the norm - say another 1 MM excess units

19 MM really means 2 MM excess - about 1/2 year of gross demand. A problem - true - but not a cataclysm

Why This Rally Is Unsustainable

or an annualized over 30%


On May 01 02:07 PM Naufal Sanaullah wrote:

> Market is up about 2.5% since April 9.

How to Spend $700B and Actually Solve the Problem

blaming the CRA for this ... The lamest of Fox talking point rationalizations, I'm sure intended to deflect attention from the abject failures in monetary ploicy, fiscal policy and prudential regulation by the Ayn Rand skim the cream clique of the Republican party

shame , shame, shame