More deceit,,,,,,,,,,,,,,,,,,,,,
Thursday, August 16, 2012
Home Builder Confidence Surges As Everyone Buys Into The Illusion
The excitement toward the housing bottom both in the media and realtor community has reached a frenzied pitch. Scores of bullish data continue to pour in month after month "proving" that the housing bottom is not only in place, but it is indeed firm.
The new home builders, based on the optimism index released this week, are now as confident as they were in February 2007. At that point they were starting close to 1.2 million homes per year. Today they are starting less than 600,00. The red line in the chart below shows the NAHB housing market index surging as the home starts begin to tick up. Builders hope the recent increase in sales and starts will ultimately lead to a surge in completions, the important part of the equation, which has not yet shown signs improvement (but obviously occurs on a lag).
more with charts.............
http://www.ftense.com/2012/08/home-builder-confidence-surges-as.html
Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.
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