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Post# of 704019
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punkle

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punkle

Re: Train Guy post# 46519

Monday, 11/18/2002 12:35:38 PM

Monday, November 18, 2002 12:35:38 PM

Post# of 704019
I think there are a fair amount of remodeling / home improvement projects going on instead of buying new homes. The lower rates have spurred a bunch of low interest home equity loans and I don't think too many people are "moving up" to new homes. Hence the new home builders get hurt but the home improvement shops like Lowes can do OK for a little while.

In a way, like cars, everyone who can afford to buy a new home already did and this bubble should deflate very soon IMHO.

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