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After an Eight-Month Ride, Home Builder Confidence Stalls

After an Eight-Month Ride, Home Builder Confidence Stalls

720MP | Jan 16, 2013 10:05 AM ET still at the highest level in years, DJs is not portraying it as a negative and neither did the market

stockbandit91 | Jan 16, 2013 10:06 AM ET I can attest to the So CA market being red hot. Prices up, supply way down, builders selling houses before they are even started (1 yr. ago builders had many completed homes they had not sold). CA has added more jobs than any other state in the last 10 months, so this market is strong and well supported by a growing economy.

Lamington | Jan 16, 2013 10:11 AM ET Home builder stocks on a TEAR and Cramer says to KEEP BUYING. Who cares about some crazy report. I bet this is a blip. BUY STOCKS. Home builders are going to make a killing as the economy keeps coming back and people start buying back into housing again. Don`t get left behind!!

MrSquiggles | Jan 16, 2013 10:16 AM ET All that has occurred is house price inflation, and people have mistakenly assumed this means that the construction industry is improving. The number of construction jobs declined in the last year or so.

antisocial | Jan 16, 2013 10:16 AM ET I SAY BUY NOW BEFORE INTEREST RATES GO UP...BUY BUY BUY

handballforlife | Jan 16, 2013 10:26 AM ET They`re believing there own lies....the dream houses they`re building are just that dream houses .....when the nightmares start they`ll come back to reality

tarandfeathers | Jan 16, 2013 10:27 AM ET Its not how much home you can buy -Its how much you can afford to pay at the end of the month and thanks to the greedy banks and parasitic real estate brokers renting and buying have become unbearable for the American middle-class. The only ones that can afford to buy at these inflated prices are the Europeans thanks to their inflated Euro and our devalued dollar and the Chinese who own our debt. I am sure this is not the same country our founding fathers had in mind.

LoganMohtashami | Jan 16, 2013 10:34 AM ET Home builders have an distinct advantage in the market place. However, lets put some reality here. New home sales are 1/12th of the housing market. Housing inventory collapsed in 2012 ( Less competition for them) and housing starts from 2008-2012 where at the lowest trend levels since 1959 when they were taking stats on housing starts. So with that backdrop it was a great environment for them. Also, peak to drop sales were a bit over 80% However, even with rates so low these last few years we are far far far away from the 50 year average of 670,000- 700,000 new home sales. This is why even now the 50 year positive line hasn`t been broken, they need the back drop of less organic sellers in the market. Logan Mohtashami

Originalbigdog. | Jan 16, 2013 10:35 AM ET Not to worry....soon President Goofus will have plenty of money to build all the "Sandy" whiners new homes....couple new cars....full house of furniture. But...the whiny liberals of the NE will cry for more.

Bulletman357 | Jan 16, 2013 11:32 AM ET Home suckership is a waste of money,and who wants to be tied to a house ande all it`s bills?






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Latest Comments

Almost half of 2012 home sales were distressed - Vincent Wolf March 1, 2013 And you wonder why banks are trying anything to side-step the appraisal process? A lot of banks are up to the same old tricks that got us into the 2006 mess in the first pl... - by ClarkQ

Mortgage Deduction Is Popular, but Few Claim It - Jay070 | Dec 5, 2012 11:36 AM ET In an honest country, there wouldn`t be tens of thousands of pages of tax code and a news media pretending most people benefit from it when they don`t.

... - by RYJ

Home Builder Confidence Falls, First Time in Nearly a Year - tahoe3 | Feb 19, 2013 10:02 AM ET as far as i can tell. jan 2009, home depot stock was at 22.9. today its over 67. tell me again mr lagone. just how bad mr obama is for the u.s. economy.

Vict2455

Affordable homes is a great idea - takemetoyourleader David1
March 20, 2013
Greed is the domain of people of power. Affordable homes is a great idea, but it was executed by people who found how to play the game and ta... - by Houseleader

Jumbo Mortgages Are Back, but at Far From 2007 Levels - MandyBrazil | Feb 27, 2013 03:58 AM ET if the bank is demanding 30% down and 760 score plus verification of income plus one year payments in bank, how can it be a risk? this is great news
TexasLH



After an Eight-Month Ride, Home Builder Confidence Stalls

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