The Fed’s Trick or Treat
In light of growing recession fears, many expect a rate cut on Oct. 31, but will oil prices and the weak dollar spook Bernanke & Co.?
Homebuilders: Hitting Bottom at Last?
One industry player says the low point for the housing market is "very near." But credit problems and other issues have many contemplating further gloom
The Truth About Inflation
Yes, wholesale inflation experienced its biggest surge since 1974. But on close inspection, price increases aren't accelerating
Homebuilders Take Another Hit
Shares of industry players dipped Tuesday after Hovnanian posted a big quarterly loss on a hefty land write-off
Housing and the jobs economy: Phoenix points the way [The Real Estate Economy]
I don’t have a Phoenix fetish, honest — I write about the place because I see the metro as the capital of the home-building industry. Here I’m betting that it was a major contributor to the job losses I posted about on Monday, and that what came out in last Friday’s Bureau of Labor Statistic report is going to snowball.
When I say that Phoenix is ‘Housing Central’ I don’t mean it in the same sense that Hollywood is the capital of the movie industry because the six major studios are based there, or in the way that Manhattan is a capital of finance because the big banks and brokerages are headquartered there. The head offices of the major U.S. home-builders are literally all over the map — Pulte/Del Webb (PHM) is outside of Detroit, Continental/Deitz-Crane (DHI) is in Fort Worth, TX.
Stubborn sellers in Phoenix
But Phoenix is the industry’s number one [...]
Original post by noemail@noemail.org (noemail@noemail.org (Paul Kaihla) and software by Elliott Back