Posted on 12/15/2016 4:31:11 PM PST by 2ndDivisionVet
Call it the Trump rally in homebuilding — not the stocks, but the sentiment of the builders themselves.
A monthly reading of homebuilder confidence spiked 7 points in December, its first measure done after the presidential election.
The National Association of Home Builders/Wells Fargo Housing Market Index (HMI) rose to 70, the highest level since July 2005. Fifty is the line between positive and negative sentiment. The index has not jumped by this much in one month in 20 years. It stood at 60 one year ago.
"This notable rise in builder sentiment is largely attributable to a postelection bounce, as builders are hopeful that President-elect Trump will follow through on his pledge to cut burdensome regulations that are harming small businesses and housing affordability," said NAHB Chairman Ed Brady, a homebuilder and developer from Bloomington, Illinois....
(Excerpt) Read more at cnbc.com ...
Home prices are down 4% in the DFW since 4mo ago.
That’s why yellen raised interest rates. It’s insane to raise interest rates on an economy with a weak 1.8% growth. Clearly the fed’s goal is to deliberately send the USA economy into a depression .Yellen doesn’t care if children starve because their father can’t find work in another great depression so long as Trump can’t suceed is what Yellen cares about.
One big thing he can do is try to harmonize all the state and local regulations on construction
I hope all those home builders know that Trump is going to run their illegados off the job sites.
I can’t wait to see American boys building houses again.
I hope so...but my son tells me a lot of them do drugs and don’t like working...the state bennies are so great
Plenty of straight American boys out there who'd love to learn a trade and work hard at it, if the wages went back to normal.
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