Posts
QUOTE OF
THE WEEK... "The universe is
under no obligation to make sense to you." --Neil deGrasse Tyson,
American astrophysicist and author
INFO THAT HITS US WHERE WE LIVE... Much of the media's housing market coverage must also be under no obligation to make sense. While we hear all kinds of negative reporting on housing, the data continues to be encouraging. September Housing Starts were up 6.3%, to a higher than expected 1.017 million annual rate. The naysayers pointed to the greater rise in multi-family starts, but single family starts were still ahead for the month and up 11.0% for the year. The 12-month moving average is at its highest level since September 2008, while total homes under construction are up 19.5% over a year ago. Even single-family Building Permits, barely off for the month, remain ahead for the year.
Other media reports jumped all over the National Association of Home Builders (NAHB) confidence index for new single-family homes, which slipped a tad in October. But, hey, this followed four straight months of gains. Plus, the index stayed well above 50, solidly in positive territory. The NAHB's chief economist pointed out that after hitting "a nine-year high in September, it's not surprising to see the number drop in October." He argued that "builders are still positive about the housing market," explaining that "historically low mortgage interest rates, steady job gains, and significant pent up demand all point to continued growth of the housing market."
BUSINESS TIP OF THE WEEK...We need stress to excel, but we also need to stay in control. At times of stress, keep calm by listening to music, repeating some favorite affirmations, or just totally focusing on your goal.
INFO THAT HITS US WHERE WE LIVE... Much of the media's housing market coverage must also be under no obligation to make sense. While we hear all kinds of negative reporting on housing, the data continues to be encouraging. September Housing Starts were up 6.3%, to a higher than expected 1.017 million annual rate. The naysayers pointed to the greater rise in multi-family starts, but single family starts were still ahead for the month and up 11.0% for the year. The 12-month moving average is at its highest level since September 2008, while total homes under construction are up 19.5% over a year ago. Even single-family Building Permits, barely off for the month, remain ahead for the year.
Other media reports jumped all over the National Association of Home Builders (NAHB) confidence index for new single-family homes, which slipped a tad in October. But, hey, this followed four straight months of gains. Plus, the index stayed well above 50, solidly in positive territory. The NAHB's chief economist pointed out that after hitting "a nine-year high in September, it's not surprising to see the number drop in October." He argued that "builders are still positive about the housing market," explaining that "historically low mortgage interest rates, steady job gains, and significant pent up demand all point to continued growth of the housing market."
BUSINESS TIP OF THE WEEK...We need stress to excel, but we also need to stay in control. At times of stress, keep calm by listening to music, repeating some favorite affirmations, or just totally focusing on your goal.
No comments:
Post a Comment