BELLAIRE CAPITAL MANAGEMENT, LLC
  • Home
  • About Us
    • Company News
    • Our Team
  • Services
    • Financial Planning >
      • Stage 1: Early Adult Planning
      • Stage 2: Planning as An Adult
      • Stage 3: Pre-Retirement Planning
      • Stage 4: Post-Retirement Planning
    • Small Business Planning >
      • Small Business Continuity Planning
    • Investment Strategies >
      • Saving For Retirement
  • Kevin's Corner
    • Investing Wisely Series...
    • Planning Wisely Series
  • Market Viewpoints Blog
    • ReCalc Blog
    • Register for Updates
  • Contact Us
  • Events

Monthly US Housing Chart Package

10/3/2012

 
Kevin Spires, CFA, FRM

Over in the ChartRoom, our Monthly US Housing Chart Package is now updated. 
Picture
One very important data point from the Housing Chart Package is the strong recovery in Home Builders Sentiment.  Released earlier this month, the NAHB/Wells Fargo Housing Market Indicator (HMI) has increased from 16 one year ago to 40 today.  The HMI leads single family housing starts by 3-5 months, so expect a rapid exceleration in Housing Starts over the next few months - after total housing starts have already been running at 20%+ Y/Y growth rates already.

Picture
One reason that Homebuilders have been feeling better is that Home Prices have stopped declining.  It is tough to build a spec house and have the price drop 5% over the time you are building the house - putting tremendous pressure on profit margins.

Now that 6 years have passed since the bubble burst, expect home construction to grow at double digit rates for the foreseeable future - turning that massive headwind into an economic tailwind.


Comments are closed.
    Contact Us

    RSS Feed

    Archives

    March 2017
    May 2016
    December 2015
    March 2014
    February 2014
    December 2012
    October 2012
    August 2012
    July 2012
    June 2012
    May 2012
    April 2012
    March 2012

    Categories

    All
    2012 Election
    2016 Election
    Bank Credit
    Consumer Credit
    Corporate Profits
    Economic Outlook
    Employment
    European Debt Crisis
    Fed Balance Sheet
    Fed Watch
    Housing
    Leaders
    Liquidity
    Manufacturing
    Money Supply
    Stock Market Technicals

Contact Us
​All rights reserved by Bellaire Capital Management, LLC
​​LegalPrivacy PolicyDisclaimer
Live Chat Support ×

Connecting

You: ::content::
::agent_name:: ::content::
::content::
::content::