Thursday, May 21, 2009

Graph: housing starts and new home sales

From Calculated Risk:


  1. With housing starts staying justifiably low, the market can start digesting, all the inventory. I am cautious, but I see the market improving. If people are able to get out with out a foreclosure with just a short sale, they will be better off in the long run. They will eventually be able to return to the market place. The Fed has outlined a new assistance plan to promote the short sales to get done. Hopefully this happens. It is important that so many people don't total their credit for such a long time. A challenged credit society is a bad thing.

  2. "A challenged credit society is a bad thing."

    Especially in America where we don't make anything that people actually want. We exist completely on buying others peoples stuff on other peoples money.

    It is nice to see that there are more new home sales than there are new homes built though. Though the new homes going up is less of a problem than people just walking away from their obligations.

  3. The best thing I believe will be to have the chance of buying with money coming out straight from your pocket, but I guess this is impossible in a country that is used to utilize credit for everything