Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Wondering if anybody has local new home starts per today's data release.
This could be helpful data for those trying to read the new home market as potential buyers. Good idea to read the entire article if interested.
http://www.bloomberg.com/news/2010-0...in-europe.html
U.S. stock futures rose, signaling the Standard & Poor’s 500 Index may gain for a third day, as higher-than-estimated growth in housing starts and building permits bolstered optimism in the economic recovery. Wonder if that translates into increased housing starts in the Triangle and a boost in optimism here.
You can't ask a question like this and not expect me to chime in - I'm such a stats geek...
Anyway the answer in Wake County is that some areas are up HUGE and others are down. I pulled this data from Wake County and it is only new residential permits (doesn't include commerical and remodels). Overall Wake County is up over 16%. (Look at Wake Forest and Rolesville though...)
Wake Forest and Rolesville are my personal picks for hot deals - especially new construction compared to Cary or Apex. I've been watching the area for the last 3-4 yrs. I plan to move to Wake Forest soon. Schools are very good!
Location, location and location as also in schools, schools and schools.
Great stats Rick and thanks for the stats. Looks like it might be the time to buy in some places and perhaps not in others. Doesn't that make everyone right in some way?
Wondering if anybody has local new home starts per today's data release.
This could be helpful data for those trying to read the new home market as potential buyers. Good idea to read the entire article if interested.
U.S. Stock-Index Futures Advance as Housing Starts Top Estimates - Bloomberg
U.S. stock futures rose, signaling the Standard & Poor’s 500 Index may gain for a third day, as higher-than-estimated growth in housing starts and building permits bolstered optimism in the economic recovery. Wonder if that translates into increased housing starts in the Triangle and a boost in optimism here.
You're playing the sucker if you're looking at housing starts and the stock market... Flooding an already saturated market with more inventory is akin to offering a drowning guy a glass of water. Look at absorption and existing inventory - look at the shadow inventory and impending foreclosures for an idea of where the RE market is headed. Explain how over 90%+ of mortgages are being funded by our insolvent government. Think about how that is sustainable and then explain how that translates into a "boost in optimism here".
The Federal Reserve is openly manipulating the SP500... it is pumping billions of dollars in just about every other day. There have been 19 consecutive weeks of net outflows leaving the stock market. There are no retail investors left - it's a casino run by the high frequency traders and their magical computer algorithms. The human element is out of the market. If you want a true judge look at the SP500 relative to gold, not relative to a fiat currency being manipulated by The Fed.
I bet most of the Wake Forest new house starts are in the Heritage community. Some how even in this tough economy they’re still selling houses there.
Another impressive stat is that Wake Forest’s new home permits out number those of Morrisville and Apex combined!
You're playing the sucker if you're looking at housing starts and the stock market... Flooding an already saturated market with more inventory is akin to offering a drowning guy a glass of water. Look at absorption and existing inventory - look at the shadow inventory and impending foreclosures for an idea of where the RE market is headed. Explain how over 90%+ of mortgages are being funded by our insolvent government. Think about how that is sustainable and then explain how that translates into a "boost in optimism here".
The Federal Reserve is openly manipulating the SP500... it is pumping billions of dollars in just about every other day. There have been 19 consecutive weeks of net outflows leaving the stock market. There are no retail investors left - it's a casino run by the high frequency traders and their magical computer algorithms. The human element is out of the market. If you want a true judge look at the SP500 relative to gold, not relative to a fiat currency being manipulated by The Fed.
Gotcha by golly wow! Blog on and enjoy life on the Nay side.
Don't know about you but the positive people I know are the ones enjoying life and consuming and getting ahead financially. I guess it is all a case of where we sit personally.
The following is another set of eyes on today's data
News Headlines (http://www.cnbc.com/id/39285241 - broken link)
U.S. residential construction rose more than expected in August to a four-month high, suggesting the embattled housing market was starting to stabilize following the end of a homebuyer tax credit
The above is from the link
With this thought and Ricks Wake County numbers I guess some will wonder if a bottom is at hand in the Triangle. I know some won't but I suspect some will.
I bet most of the Wake Forest new house starts are in the Heritage community. Some how even in this tough economy they’re still selling houses there.
Another impressive stat is that Wake Forest’s new home permits out number those of Morrisville and Apex combined!
It is impressive. What attacts me is that they still have an excess of inventory, they haven't realized the level of appreciation seen in Apex and Cary, Wake Forest is behind in that respect. But I think it's a matter of time. And the area has sufficient amenities and things for families to do...a requirement for many of us. There are so many nice, new homes subdivisions there in almost any price range. There's room for the town to grow. It's clean and fresh looking. And, for folks who work in downtown Durham, there's hwy 98...a beautiful drive over Falls and skipping I-40/540. although 540 is close to it as is Wakefield s/d and Falls of the Neuse Rd and N Raleigh.
Gotcha by golly wow! Blog on and enjoy life on the Nay side.
Don't know about you but the positive people I know are the ones enjoying life and consuming and getting ahead financially. I guess it is all a case of where we sit personally.
I'm enjoying life and sit in a great spot personally... Thanks for asking!
Hopium or the MSM koolaid you like to dish out is not something I can sit by and digest, though. If you're not prepared to defend your position without something besides what CNBC tells you to think, then that's fine... Just understand that your "facts" are useless and you should stick to happy posts about recipes, where to find good pizza, and dance recitals for your kids.
If you want to talk markets and data, back it up. The "nah nah poo poo" with your fingers in your ears because someone disagrees with you is a bit childish, don't you think?
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Wake County Data
