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Started By
Message
Home construction really looking good, really good
Posted on 11/20/19 at 6:53 am
Posted on 11/20/19 at 6:53 am
quote:
Single-family construction increased for the fifth consecutive month, rising 2.0 percent above the revised higher figure for September. These are up 8.2 percent from a year ago.
September’s figures were revised upward to a seasonally adjusted annual rate of 1.266 million homes from 1.256 million.
Permits defied expectations for a decline and instead surged much higher to a seasonally adjusted annual rate of 1.461 million. That is the highest level in at least 12 years, 5 percent higher than the revised upward September figure and 14.1 percent higher than a year ago.
Very impressive.
9
Posted on 11/20/19 at 6:56 am to trinidadtiger
I'm about 16 months away from breaking ground myself. 
Posted on 11/20/19 at 7:01 am to trinidadtiger
It's like people have more money to do things with currently. How'd that happen? Hmmm.
Posted on 11/20/19 at 7:03 am to Homesick Tiger
quote:
It's like people have more money to do things with currently. How'd that happen? Hmmm.
Certainly not any Dem policies.
Posted on 11/20/19 at 7:12 am to trinidadtiger
I am meeting with a developer today. New 300 home community about to get underway. Homes starting in the 400’s up to 600’s.
It’s incredible right now
It’s incredible right now
Posted on 11/20/19 at 7:13 am to Ace Midnight
quote:
I'm about 16 months away from breaking ground myself.
I'm ~1-2 months from completing mine. Thank God.
Posted on 11/20/19 at 7:14 am to trinidadtiger
Imagine how good things would be if we didn’t have this pesky recession going on?
Posted on 11/20/19 at 7:16 am to trinidadtiger
It really is doing well. The Louisville area has many new construction sites all over the city. Our construction side of our business for rental equipment has been unreal.
Posted on 11/20/19 at 7:52 am to trinidadtiger
quote:
That is the highest level in at least 12 years
No new homes built, but there has been 4 houses go through a complete remodel and expansion on my street alone the past 6 months. I believe it
Posted on 11/20/19 at 7:54 am to trinidadtiger
Something, something you didn't build that
Posted on 11/20/19 at 7:55 am to trinidadtiger
We broke ground in march... should be moving in with in the next 3 weeks.
Posted on 11/20/19 at 7:57 am to Homesick Tiger
Lower interest rates
Posted on 11/20/19 at 7:59 am to stat19
Just moved in house we built.
3.5% rate
3.5% rate
Posted on 11/20/19 at 8:09 am to Wtodd
You guys are heartless bastards. New home construction is only up because of all the dead from the last tax cut because of reasons. Orange man bad!
Posted on 11/20/19 at 8:12 am to saints5021
quote:
New home construction is only up because of all the dead from the last tax cut because of reasons.
Why didn't they just move into the houses the dead guys left behind?
Posted on 11/20/19 at 8:14 am to whocares1
quote:
Lower interest rates
Again, how'd that happen? Hmmm.
Posted on 11/20/19 at 8:15 am to trinidadtiger
I am an architect. This is good news in the near term.
Posted on 11/20/19 at 8:17 am to Homesick Tiger
amazing what happens when the fed doesnt frick up interest rates
Posted on 11/20/19 at 8:19 am to ItNeverRains
quote:
Homes starting in the 400’s up to 600’s.
It never ceases to amaze me how many of these houses are built and sold.
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