Housing vs. S&P Revisited

[James48843]

Man those are ugly charts.

Yep= that's the one I was looking for. Thanks.

I need a drink.

 

[Show-me]

Just a reminder the NAHB Housing Index is at 18.

http://www.nahb.org/generic.aspx?genericContentID=529

 

[tsptalk]

Cool! Thanks fab.

 

[fabijo]

Here, I put the HMI data alongside the S&P data (lagged one year) into Excel. Here's where we're at:

I'm not sure if the correlation continued.

 

[tsptalk]

Do you remember this housing vs. S&P 500 chart? It said the S&P lags the housing market by 12 months, and that we could see some downside in stocks...

Well, the S&P fell, but certainly not to the 600 level as this chart showed as a target. Perhaps it needs a logarithmic chart by percentage rather than points.

Anyway, here is a new housing chart going thru August 18, 2008. The NAHB housing index is the pink line...