In reality........
Where Will Homebuilding ETFs and Stocks Move in the Week Ahead? (Bidness Etc, 3/12/2014)
Not so fast there, Wisconsin Builders Association. Even homebuilder stocks, which had gained strength following the announcement of better-than-expected new home sales for January 2014, are now reversing course. Homebuilder Hovnanian Enterprises, Inc (HOV) hurt investor confidence by reporting weaker-than-expected quarterly results. Its poor performance created uncertainty as regards where the economy was headed and what lay ahead for the US housing industry.
Millennials Still Want Homes in 2014, but Can’t Afford Them Due to Prohibitive Student Debt. (Wise Lit, 3/1/2014)
Maybe you should talk to your Republican buddies, guys. As demographer Cheryl Russell writes for MSN, “Debt, coupled with double-digit unemployment, has hobbled millions of young adults who would have bought homes, married, had children and feathered their nests with all the middle-class goodies that keep our economy humming.” In other words, this generation’s on the outside looking in, fogging up the windows of the American Dream.
Keynote Session - New Map to Homebuilding: How New Builders are Remaking Themselves & Retaking the Market. (NAHB International Builders' Show, January 23, 2014, Las Vegas)
From the program description. Everything has changed. The economy is in a slow but uneven recovery. Housing demand fundamentals are improving but supply is still restricted.
Related posts:
Dear Wisconsin Builders Association (R), All houses were not created equal. (4/24/2014)
No thanks, Wisconsin Builders Association, I'll stick with my 28-year-old Weber grill. (4/21/2014)
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