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NAHB Housing Market Index (Jun) 58 vs 45 Expected. 21pt jump is largest in history
Posted on 6/16/20 at 9:11 am
Posted on 6/16/20 at 9:11 am
quote:
The NAHB housing market index for June 58 vs 45 estimate
By Greg Michalowski
Tue 16 Jun 2020
Category: News
NAHB housing market index for June 2020
• prior month at 37
• NAHB housing market index jumps to 58 from 37 last month. That was much stronger than the 45 estimate as well
• single-family home sales present 63 vs. 42 last month
• single-family sales future 68 vs. 46 last month
• prospective buyers traffic 43 vs. 21 last month
LINK
Posted on 6/16/20 at 9:13 am to NC_Tigah
From your link:
quote:Gee, I wonder what is happening that makes people want to move out of the inner city??
Builders report increasing demand for families seeking single-family homes in inner and outer suburbs that feature lower density neighborhoods.
Posted on 6/16/20 at 9:27 am to LSURussian
quote:
Gee, I wonder what is happening that makes people want to move out of the inner city??
Yeah, I think the renaissance of the inner cities we have seen over the last 15 years or so is over. Or at least it is for many of them.
Posted on 6/16/20 at 9:41 am to SloaneRanger
quote:
Yeah, I think the renaissance of the inner cities we have seen over the last 15 years or so is over. Or at least it is for many of them.
I could be wrong here but I don't see any possibilty that the NYC/Bay Area type luxury housing markets will see the foreign capital flows like they did the past 10 years which supported those markets.
Posted on 6/16/20 at 9:43 am to LSURussian
quote:
Builders report increasing demand for families seeking single-family homes in inner and outer suburbs that feature lower density neighborhoods.
Millennials starting to buy homes in huge numbers.
Posted on 6/16/20 at 9:43 am to NC_Tigah
As I stated before. Real Estate will save the day this time around
Posted on 6/16/20 at 10:10 am to SDVTiger
Interesting. can you expound on that?
Posted on 6/16/20 at 10:12 am to Tiger Attorney
We are going to refi ourselves out of debt
Equity keeps increasing and rates are low as frick
Plus jobs within the industry is exploding
Equity keeps increasing and rates are low as frick
Plus jobs within the industry is exploding
Posted on 6/16/20 at 10:23 am to SDVTiger
quote:I have a difficult time wrapping my puny brain around the idea that we can borrow ourselves out of debt...
We are going to refi ourselves out of debt
I can understand that refi-ing is a way to improve future cash flows, but the debt is still there, isn't it? Especially when a refi includes borrowing more than the current loan balance to "cash out" some equity??
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