Richard DeKaser
Richard DeKaser
builders continue decline demand eventually expect family housing seen
We have seen and I expect will continue to see a softening of demand for single-family housing that has been unmatched by a decline in construction. Eventually builders get with the program.
area cards demand expect likely side supply sync takes time
When demand shifts, it often takes time for supply side to get in sync ... I would still expect some softening is likely in the cards in the Dayton area as we go through this year.
believe demand housing leads likely minimum mortgage recent rise weakness
There's already been a considerable softening in housing demand which preceded the recent rise in mortgage rates. Which leads me to believe that the weakness at a minimum will continue, and may likely accelerate.
clear declined demand few figure housing interest large market past rates rising
I think it's indisputable that demand in the housing market has declined in the past few months. It's very clear that rising interest rates figure very large in that decline.
bubbling concern fed inflation measured path since start year
On the whole this will assuage some of the concern that's been bubbling up about inflation since the start of the year and should keep the Fed on its measured path for now.
carrying course firm likely momentum sustained
We're carrying firm momentum into 2006 which is likely to be sustained over the course of the year.
apparent bush changed economists house influence quite small throughout white
The apparent influence of White House economists has been quite small throughout the Bush administration, which hasn't changed much of late.
coming family market peaked report
Today's report confirms that the single-family market has peaked this summer, and it's coming off gradually.
across appears business consistent expansion healthy hearing improvement momentum reflects saw sentiment
This reflects the healthy expansion we saw in April, and it's consistent with what we're hearing from businesses. Not only was there improvement in orders, but there appears to be momentum in business sentiment across the board.
housing peak recognize summer year
When we look back a year from now I think we'll recognize the summer of 2005 as the peak of the housing boom.
consumers economy excess healthy major prop spending
We have consumers spending in a healthy but not excess pace. They are an important prop to the economy but not a major driver.
confront extremely future high price risk
extremely overvalued and confront a high risk of a future price correction.
consumers continue difficult environment high light oil persevere
Consumers continue to persevere in a difficult environment in light of high oil prices,
areas conditions labor outside sustained welcome
It's still a welcome number. It showed sustained labor conditions outside of the areas impacted by the two hurricanes.