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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 by NC_Tigah
Carolinas
Member since Sep 2003
123942 posts
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 by LSURussian
Member since Feb 2005
126962 posts
Posted on 6/16/20 at 9:13 am to
From your link:
quote:

Builders report increasing demand for families seeking single-family homes in inner and outer suburbs that feature lower density neighborhoods.
Gee, I wonder what is happening that makes people want to move out of the inner city??
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
7737 posts
Posted on 6/16/20 at 9:27 am to
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 by wutangfinancial
Treasure Valley
Member since Sep 2015
11113 posts
Posted on 6/16/20 at 9:41 am to
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 by stewie
Member since Jan 2006
3951 posts
Posted on 6/16/20 at 9:43 am to
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 by SDVTiger
Cabo San Lucas
Member since Nov 2011
73772 posts
Posted on 6/16/20 at 9:43 am to
As I stated before. Real Estate will save the day this time around
Posted by Tiger Attorney
New Orleans
Member since Oct 2007
19663 posts
Posted on 6/16/20 at 10:10 am to
Interesting. can you expound on that?
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
73772 posts
Posted on 6/16/20 at 10:12 am to
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
Posted by LSURussian
Member since Feb 2005
126962 posts
Posted on 6/16/20 at 10:23 am to
quote:

We are going to refi ourselves out of debt
I have a difficult time wrapping my puny brain around the idea that we can borrow 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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