Housing Starts

[Bullitt]

From DR Horton's earnings call. There's more demand than ever, but not enough people to build. People don't want to do the work.

I can tell today, there is not enough lots or trade capacity to meet demand in the State of Texas. I don't care if you're Don Horton or any of the other public builders out there. It's very difficult to get a house built today. We're doing a better job than anybody else and we're going to get better at what we're doing. It's -- there is a tremendous amount of demand out there.

And so many of our communities have wait lists or interest lists that far exceed even what we have under construction, which is why you continue to hear us answer every single question so far that the demand is still there and the demand is extremely robust, and this was an internal decision that was based on our production capacity and taking care of our homeowners and homebuyers.

https://www.fool.com/earnings/call-...ton-inc-dhi-q3-2021-earnings-call-transcript/

 

[bleeck]

I live in the Northwestern suburban area of Minneapolis-St Paul Mn. A lot of new construction out here in the country.
Local news story yesterday was the slow down in sales, but still a sellers market.

 

[Bullitt]

Some people I know said they were going to move "when the housing market cooled". Thing is, when it cools enough to notice, we'll be in a recession and the house they live in today will be worth less. There is such a demographic bid under housing (millenials) that I don't see the housing market going down unless there is a recession. In that case we could have even bigger problems.

 

[tsptalk]

Home sales rose for the second straight month in July, as demand outpaced slightly stronger supply

Home sales rose for the second straight month but were barely higher than in July 2020.

The inventory of homes at the end of July stood at 1.32 million, down 12% from a year ago, but that is a smaller annual decline than in recent months.

The median price of an existing home sold in July was $359,900. That is a 17.8% increase compared with July 2020.

https://www.cnbc.com/2021/08/23/hom...demand-outpaced-slightly-stronger-supply.html

 

[tsptalk]

US Housing Starts Number Actual 1.569M (Forecast 1.702M, Previous 1.739M)

https://www.cnbc.com/2021/05/17/stock-market-open-to-close-news.html

 

[ekatteng]

450,000 will be foreclosuring every quater for the next few quaters...
housing stars will decline... Who will get the blame ? Greenspan ? Financials Lenders ? Fed ? All of the above ? the war ? 911 ? Bush administration ? How does it will impact the general economy ? yet to see ?