|
PureBytes Links
Trading Reference Links
|
This is only one factor in the mix; which is the real estate market. There
are other important
factors in the equation such as inductrial production, capacity utilization,
and consumer
spending. At some point the bonus from refinancing due to lowering of rates
has to peter out.
chas
----- Original Message -----
From: <tradewynne@xxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Tuesday, January 21, 2003 10:09 AM
Subject: Re: [RT] December Home Starts Rise 5%
> > Just a wild guess; but I suspect the credit environment (interest
> rate picture/structure) was a lot different in the 30's.
>
> Foe sure, rates are mentioned at the link, but wouldn't that be a
> factor in NOT replaying the 30's?
>
> BW
>
>
> --- In realtraders@xxxxxxxxxxxxxxx, "Charles Meyer" <chaze@xxxx>
> wrote:
> > 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@xxxx>
> > 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
> > >
> > >
> > >
> > > To unsubscribe from this group, send an email to:
> > > realtraders-unsubscribe@xxxxxxxxxxxxxxx
> > >
> > >
> > >
> > > Your use of Yahoo! Groups is subject to
> http://docs.yahoo.com/info/terms/
> > >
> > >
> > >
>
>
> To unsubscribe from this group, send an email to:
> realtraders-unsubscribe@xxxxxxxxxxxxxxx
>
>
>
> Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
>
>
>
>
To unsubscribe from this group, send an email to:
realtraders-unsubscribe@xxxxxxxxxxxxxxx
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
|