Thursday, December 29, 2011
Housing has shown some signs of life and I’m growing convinced that construction in general has hit a bottom.    With respect to single-family housing demand, we are seeing a clear stabilization as per the graph above.  However, I think it would be premature to declare a bottom for the housing market.  A Eurozone implosion or a China hard-landing would likely result in a U.S. recession and would result in decreased demand.   Nonetheless, the news is increasingly positive.  

Housing has shown some signs of life and I’m growing convinced that construction in general has hit a bottom.   

With respect to single-family housing demand, we are seeing a clear stabilization as per the graph above.  However, I think it would be premature to declare a bottom for the housing market.  A Eurozone implosion or a China hard-landing would likely result in a U.S. recession and would result in decreased demand.  

Nonetheless, the news is increasingly positive.  

Posted at 1:46 AM 7 notes Tags: housing

Notes

  1. rationalcapitalistspeculator posted this