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Just a wild guess; but I suspect the credit environment (interest rate
picture/structure) was a
lot different in the 30's. Recently there has been a lot of refinancing so
that may account for this
activity? Again; just a wild guess; and maybe someone qualified could chim
in on your question.
chas
----- Original Message -----
From: <tradewynne@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, January 21, 2003 9:46 AM
Subject: [RT] December Home Starts Rise 5%
> http://www.bloomberg.com/bbn/index.html
>
> "01/21 08:53
> U.S. December Home Starts Rise 5% to 1.835 Mln Pace (Update1)
> By Siobhan Hughes
>
>
> Washington, Jan. 21 (Bloomberg) -- U.S. home construction
> unexpectedly surged in December, completing the best year for the
> industry since 1986, as housing helps bolster the economy.
>
> Builders broke ground on new homes at an annual pace of 1.835 million
> units, the fastest since June 1986, the Commerce Department said.
> That was up 5 percent from November's revised 1.747 million pace and
> exceeded expectations of a 1.68 million- unit rate.
>
> Some 1.705 million homes were started last year, the most in 16
> years..."
>
> I'm not a fundementals / news guy, but I'm curious how the doom and
> gloomers see this. Were there "pops" like that in the early 1930's
> several years into that bear?
>
> I really don't know, just asking.
>
> BW
>
>
>
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