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QUOTE OF THE WEEK... "Progress might have been alright once, but it has gone
on too long." --Ogden Nash, American poet
INFO THAT HITS US WHERE WE LIVE ... The famed purveyor of humorous verse would certainly have liked today's homebuilding market, where progress seems to last no more than a month. After November's significant gain, which followed October's dramatic drop, Housing Starts fell again in December, but this time only 2.5% down from an upwardly revised November number. Nevertheless, at an annual rate of 1,149,000 units, we're solidly over a million starts a year and 6.4% ahead of where we were in December a year ago. If you can stand the monthly roller coaster ride, you can revel in the fact that 2015 was the strongest calendar year for housing starts since 2007.
Friday saw Existing Home Sales skyrocket 14.7% in December to reach a 5.46 million unit annual rate. This followed November's 10.5% drop in these sales due to delays caused by the federally mandated TILA-RESPA Integrated Disclosures rule put into effect in October. But the National Association of Realtors chief economist noted, "While the carryover of November's delayed transactions into December contributed greatly to the sharp increase,...sales these last two months maintained the healthy level of activity seen in most of 2015." He pointed out that December's strong bounce back capped off the best year for existing home sales since 2006.
BUSINESS TIP OF THE WEEK... Are you relying too heavily on too few sources of business? Work as many lead sources as possible--present and past customers and colleagues, business and professional networking groups, social media, Internet marketing, emails, blogging, traditional advertising and direct mail.
INFO THAT HITS US WHERE WE LIVE ... The famed purveyor of humorous verse would certainly have liked today's homebuilding market, where progress seems to last no more than a month. After November's significant gain, which followed October's dramatic drop, Housing Starts fell again in December, but this time only 2.5% down from an upwardly revised November number. Nevertheless, at an annual rate of 1,149,000 units, we're solidly over a million starts a year and 6.4% ahead of where we were in December a year ago. If you can stand the monthly roller coaster ride, you can revel in the fact that 2015 was the strongest calendar year for housing starts since 2007.
Friday saw Existing Home Sales skyrocket 14.7% in December to reach a 5.46 million unit annual rate. This followed November's 10.5% drop in these sales due to delays caused by the federally mandated TILA-RESPA Integrated Disclosures rule put into effect in October. But the National Association of Realtors chief economist noted, "While the carryover of November's delayed transactions into December contributed greatly to the sharp increase,...sales these last two months maintained the healthy level of activity seen in most of 2015." He pointed out that December's strong bounce back capped off the best year for existing home sales since 2006.
BUSINESS TIP OF THE WEEK... Are you relying too heavily on too few sources of business? Work as many lead sources as possible--present and past customers and colleagues, business and professional networking groups, social media, Internet marketing, emails, blogging, traditional advertising and direct mail.
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