David Seiders
David Seiders
David Seiders quotes about
bad conditions country january parts unusually weather
We had unusually bad weather in many parts of the country in December, and the conditions in January were extraordinarily warm.
delighted housing market obviously tells
I was obviously delighted to see this rebound. I think what it tells us is that the housing market is still fundamentally strong.
sting takes weather winter
Winter weather really takes the sting out of these declines.
calling heck
I'm calling 2006 a simmering-down process. It's been one heck of a run.
activity classic conditions cyclical market process rather retreat spiral
The retreat in housing-market activity that's now under way amounts to a simmering-down process from unsustainable market conditions in 2005, rather than a classic cyclical contraction that could spiral down for some time.
definitely good housing market sign
This is definitely a good sign that the housing market is stabilizing.
wonder
It's really unprecedented, so you wonder if it can continue.
best certainly cooling drop expect healthy housing market months pace percent quite reason recent sales second strong third throughout year
While new-home sales have been quite strong throughout 2005, we see a cooling of the market to a healthy and more sustainable pace in the months ahead, as substantiated by recent surveys of our builders. For 2006, we expect to see a 6 percent to 7 percent drop in sales, but certainly no reason for alarm. This would make 2006 the second or third best year in housing history.
builders demand incentives market marking rolling sales sort starts
The big builders are marking down their outlooks for 2006 and rolling out some sales incentives -- the sort of things we see when the market starts to weaken on the demand side.
hidden risk
The big risk is: How many investor-owned units are there? How many hidden units will come back into the market?
affect behavior blow changes consumer current enduring equity happening help hoping house people price spending view
It's when people view these changes as enduring that it really can affect their current spending behavior. I think that is happening probably, and I'm hoping that house price appreciation, the equity accumulation, will help soften the blow in consumer spending.
january numbers permit temporary view
I view the housing-starts and permit numbers for January as a temporary burst.
few impossible inflation maintain past price seen
It was impossible to maintain double-digit price inflation like we've seen the past few years.
component economy element engine expecting growth move negative neutral next strong year
I've been expecting the housing-production component of GDP to move from a strong growth engine to a neutral or negative element in the U.S. economy over the next year and a half.