Calculated Risk sees the "distressing gap" in home sales (see chart) - in many areas, builders...
Calculated Risk sees the "distressing gap" in home sales (see chart) - in many areas, builders can't compete with foreclosure resales, and existing home sales activity stays elevated.
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Comments (2)
Jeff,The same web site explains away your msiinformation on those inventories pretty clearly. You should check it out. It is "intelligent commentary".Your just wrong...www.calculatedriskblog...That info above is from May. Obviously the numbers are significatly better than they were then but you will see how wrong you are.
It's nice to see some intelligent commentary in this area. However, the "gap" which people SHOULD be paying attention to is the gap between how many homes U.S. home-builders BUILD each month, versus how few they SELL.They are BUILDING 50% more than they are SELLING - every month. See "The TRUTH about U.S. housing numbers" seekingalpha.com/insta...