David Seiders
David Seiders
David Seiders quotes about
continue high incredibly level numbers riding
The numbers continue to look great. We're riding at an incredibly high level here.
behind driving factor forward housing key market move numbers record strong weather winter
The warmest winter weather on record is what is driving a lot of this. I think that is the key factor behind this very strong surge in housing market activity, and as we move forward I think we're going to see these numbers come back down a lot.
cards despite economy housing incredibly might near piece present provided resilient risks seemed simply throw
This has been an incredibly resilient U.S. economy, and housing has been a significant piece of that. The hurricanes provided a very significant risk, but we have seemed to have come through that. Despite the risks that might be present in the near future, I'll throw my cards into this economy simply because of how it's performed.
glaring happen hottest point problems reached
It's healthy. We do need to have that happen -- gracefully, though. Affordability problems are glaring in the hottest areas. We've reached the point where something's really got to give.
housing run
It's been an unprecedented run for the housing sector.
biggest builder came drop evidence housing market peaked since somewhere survey third
There is now accumulating evidence that the housing market peaked somewhere in the third quarter. Our survey of builder confidence, which came out yesterday, was down a lot. . . . It was the biggest drop since the first survey after 9/11.
basically builders changed forecasts gave months move next opportunity quarter weather
The weather basically gave the builders an opportunity to move things forward. No one changed their plans. But I'll probably change my forecasts for the next two months lower, even if I keep the first quarter forecast at pretty much the same level.
april builders couple declines economy evidence highly housing including last losing momentum numbers showing shown starting supposedly survey
There's other housing numbers showing some declines in April as well. My own survey of builders has shown them losing some momentum for the last couple of months, including May. I think there's some evidence accumulating that this supposedly highly interest-sensitive part of the economy is starting to give ground.
builder confidence consumer december early helped interest nicely rates since
Some softening of long-term interest rates since early December helped buoy builder attitudes. Consumer confidence has rebounded nicely from post-Katrina lows.
gains potential process trailing worried
I am worried about the potential for a trailing down process that gains some momentum.
attitude basically either healthy reports suspicion telling
I basically have a wait-and-see attitude with some healthy suspicion about this report. Either there is something that all of those other reports are not telling us, or this will get revised.
activity classic cooling cycle economic housing leading levels process sort systematic toward viewed
I do have this sort of weakening of the housing sector, but I think it should be thought of as a systematic cooling down process toward sustainable levels of activity and not viewed as kind of a classic housing downswing that's part of an economic cycle leading to a recession.
bolster continues exhibit favorable household housing income job market mortgage ongoing overall remain strength strong
All the fundamentals remain in place, and the overall housing market continues to exhibit ongoing strength. Favorable mortgage rates, as well as strong household income and job growth, continue to bolster housing demand.
cause dramatic lingering problems
The hurricanes did cause some dramatic problems short-term, and there are some lingering ones.