I don’t agree on one of your points. I’m pretty bearish on housing and don’t see a bottom until 2010. That said, it is what it is and a year over year June increase in sales of 17% is what it is. That is nothing but good news, if but temporarily. Winter has nothing to do with it. Springs sales were well down year over year in April and May, so a bump in June year over year sales is just good news, plain and simple.
Everything else you wrote, I agree wholeheartedly.