Anthony Chan
Anthony Chan
activity becoming behind best bit boom collapse days housing leaves outcome reading signal suggest tea
Reading through the housing tea leaves suggests that the housing boom is becoming a bit long in the tooth. And while this outcome does not necessarily signal a collapse in activity just around the corner, it does suggest that the housing sector's best days are probably behind us.
close eventually housing market peak though
Even though we are close to the peak and we are still going to see spurts in activity, we will eventually see the housing market slow.
higher housing mortgage question rates shine
There's no question these higher mortgage rates will take some of the shine off the resiliency in the housing market,
chip extent fact housing market nature negatively pillars somewhat strength
One of the pillars of strength of the housing market is the fact of the tax-advantaged nature of the asset. To the extent that you chip away at that, you would see housing somewhat negatively impacted.
behind creeping federal general housing increase last market mortgage rates reserve seen several tone year
Several times in the last year we've seen mortgage rates creeping up and housing hasn't responded. Now the Federal Reserve has put some credibility behind the increase in rates. I think it set a general tone for the housing market that it'll be a lot more muted.
bit housing mortgage precisely rates start turn
Mortgage rates will put a little bit of a brake on housing activity, ... but it may come precisely as other sectors start to turn around.
dominating gain generally headline housing industrial influenced knows namely number reports retail sales starts variable volatile wide
The outsized gain in housing starts was influenced by the same variable dominating most of the other headline stats like the retail sales and industrial production, namely weather. Everyone knows that housing starts is a volatile number that generally reports wide swings.
although blunt economy fact good hikes housing market monetary news policy seeing shows weakness
Although it's not particularly good news for the housing market, the fact that you're seeing weakness here shows that monetary policy is working and the (Fed) would not have to blunt the economy with more hikes than the market has been anticipating.
creeping housing rates seeing
You're seeing inventories creeping up and affordability pinching more and more, and you're seeing long-term rates creeping up. All that suggests a trimming of housing activity.
chipping defying fact gravity housing likely report
The report illustrates the fact that housing is not defying gravity and is not likely to do so this year. We're going to see chipping away of housing.
exempt housing laws market sign
This is a sign that the housing market is not exempt from the laws of gravity,
housing momentum permits since strength
I would say that momentum (in the housing market) probably will not continue, since you don't see the same strength in permits that you do in construction,
boom demise greatly housing recent
Recent speculation about the demise of the housing boom has been greatly exaggerated.
economic equity expansion home housing left market picking prices reason rising sale starts
Real new home sale prices and existing-home sale prices have been rising very sharply. When that starts to give way and we don't have the equity market picking up where housing left off, that's another reason the economic expansion will be gradual.