Lake Martin Topics: Optimism on the Housing Front

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	Name:	MartiniMan -
	Subject:	Optimism on the Housing Front
	Date:	4/17/2012 10:48:56 AM

Strikes me as very pollyanish. Yes, the U.S. continues to add population but to assume that growth will automatically lead to new home sales, at least in the short run, seems overly optimistic. It may be good for apartments, but not home sales except for the short sales and first time buyers.

His job numbers of 3.45 million being added in the last 24 months is ridiculous. Everyone knows that the improvement in the unemployment rate is primarily a result of people completely giving up on ever finding a job. The real jobless rate is over 10% and nearly 17% when you include underemployment.

However, some of his observations about inventories and demand should be helpful in the longer run and may justify investing in companies that will benefit from a rebound. But until the unemployment issue is resolved the housing market is going to continue to struggle and the improvement will be very regional and very slow. So if you want to make this investment, don't expect it to take off any time soon.

Other messages in this thread:

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Optimism on the Housing Front - roswellric - 4/17/2012 9:58:41 AM

Optimism on the Housing Front - MartiniMan - 4/17/2012 10:48:56 AM

Optimism on the Housing Front - roswellric - 4/17/2012 11:20:49 AM

Ahhh....inflation - MartiniMan - 4/17/2012 12:01:39 PM

what's the average temperature in America? - John C - 4/17/2012 4:59:06 PM

what's the average temperature in America? - roswellric - 4/17/2012 5:30:35 PM

Interesting question - MartiniMan - 4/17/2012 5:41:49 PM

As if on cue...housing sales slow - MartiniMan - 4/19/2012 11:14:32 AM

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