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Homebuilder's Sentiment Index drop
- Thread starter genod
- Start date
It doesn't look pretty on paper; no sir. Has Birch seen this one? Wonder what his take will be? 
pyriel
Active member
Wow, that is a good graph. I also concur with it. The only thing that bothers me is that it is a graph of correlation between S&P and NHBA but it doesn't really address bubble and burst on each states and territories. Some states are getting hit pretty hard and some are doing well just like Hawaii and Guam.
This is why I always advocate to people that wants to get into real estate to know their market within their area. For Guam, they plan on spending billions for relocating the Marines from Japan and they have it phased within 6-10 years. There is also a decision that will be made on April 07 on where the new aircraft carrier and its supporting ships will be stationed. Choice is either Hawaii or Guam.
The house right next to me was bought on a foreclosure fpr 119k 5 months ago (i'm still kicking my butt for this) and now its in the market for 220k. GRRRR!!!!
Pyriel
This is why I always advocate to people that wants to get into real estate to know their market within their area. For Guam, they plan on spending billions for relocating the Marines from Japan and they have it phased within 6-10 years. There is also a decision that will be made on April 07 on where the new aircraft carrier and its supporting ships will be stationed. Choice is either Hawaii or Guam.
The house right next to me was bought on a foreclosure fpr 119k 5 months ago (i'm still kicking my butt for this) and now its in the market for 220k. GRRRR!!!!
Pyriel
genod
Member
genod
Member
About 2 weeks ago I posted my concerns about the housing industry. I am still trying to understand what could happen to the economy as more bad news/data about the housing bubble bursting comes in. I am not into real estate investing. I own a home to live in, not to make money off of. I curious in terms of how the slumping housing sector will affect the economy.
A few days ago the NHBA index dropped more than forecast. Someone did a correlation of the NHBA index vs. S&P 500 (lagging the S&P 500 by about a year). The correlation was uncanny. Here is the graph courtesy of minyanville dot com.
Would appreciate some thoughts from the board members on this.
A few days ago the NHBA index dropped more than forecast. Someone did a correlation of the NHBA index vs. S&P 500 (lagging the S&P 500 by about a year). The correlation was uncanny. Here is the graph courtesy of minyanville dot com.
Would appreciate some thoughts from the board members on this.