RE and economic charts: MBA: Mortgage Purchase Applications increase slightly last week + Existing Homes: Months of Supply and House Prices + Excess Capacity and Housing

Saturday, July 24, 2010

MBA: Mortgage Purchase Applications increase slightly last week + Existing Homes: Months of Supply and House Prices + Excess Capacity and Housing

[mEDITate-OR:

not see the argument presented....

In the 2nd chart Jim @ CR presents to U.S. his guesstimate of what the "months of supply" actually is..., and what that will mean to housing prices. He might be correct, he might not. Butt, of the joke, IF you are betting person, you might want not to bet against him.

In the 3rd chart Jim shows U.S. the full, true implications of non-single family home construction slow down. It is comparitively easy to stop building single family homes. It is NOT easy to start OR stop building multi unit properties - condos, apartments, offices, shopping malls, etc. et al and et ux.

What this chart shows U.S. is the cliff that multi units are about to fall off.

Ugly.

--------------
Remember, go to CR's web site for the LARGE charts
---------