Replies to post #1467 on In Zeev's Honor, Plan the Trade and Trade the Plan

[fois gras]

Evaluating the real estate situation is a very interesting topic.
Permits are just one of the demographics of a complex subject.
You have to sell the home you build.
I live in a terrific area.. real estate is deader than dead.

The only thing I can come up with is rates remain low and buyers have been on strike
even in the lower priced market for some years now.
Is the exuberant Manhattan $50 million market in condos a precursor to a
significant decline... I don't know.

The East coast contrasts with the West coast...but thats the norm right..??

[pantmaker]

Hi yank,

Good point.

Another perspective, over the last 40 or so years, 1 million starts used to be considered the level of disaster and despair...a longer term chart is still pretty depressing...no pun intended.

Andrew

http://www.forecast-chart.com/graph-housing-starts.html