Apparently a U.S. Housing Market Slowdown isn't Expected
One of the key indicators economists pay attention to in regard to the housing market is home builder confidence.
As you can see in the excerpt pictured confidence rose to its highest level in 20 months.
This is optimistic for the market as builders look 6 to 8 months out on market demand as it takes that long to finish projects and get them up for sale.
I guess I can agree with this for the time being as the powers that be are likely gonna do whatever possible to keep markets propped up until election time next year.
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Run this market as hard and fast as possible till the wheels fall off.
We should be making drastic changes to what and where we build, but i see no signs of this. I see more same-ole same-old.
But, as long as rates are going down, the housing will churn, even if it isn't really going anywhere.
If you want to see what happens when you have rampant hiding with no sustainability, look to China. There are whole house towns of residential property that nobody lives in. It's all second and third houses, and a good number of them are crumbling. Though that last fact is more due to shoddy construction than anything else.
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