As Turkish President Recep Tayyip Erdogan struggles to defend his response to last Monday’s devastating 7.8 magnitude earthquake, videos from a few years back have emerged showing him hailing some of the housing projects that crumbled, killing thousands of people. …
1) Homebuyer Demand for Builders (measured by Buyer Traffic) is hovering near the lowest levels EVER right now. Comparable to 2007-12 Housing Crash. And April 2020 when lockdowns meant no one could tour building sites. pic.twitter.com/HJzx91Akzx — Nick Gerli (@nickgerli1) …
Ton of homes in backlog waiting to close still due to stretched build cycles. Construction costs have yet to decline and lion's share of homes in backlog reflect still elevated build costs, but now having to adjust lower on implied …
by BoatSurfer600 Source: https://www.cnbc.com/2022/11/18/carvana-to-lay-off-1500-employees-amid-economic-uncertainty-.html https://twitter.com/ThisIsREngland/status/1592592277116854277 Amazon CEO Andy Jassy says layoffs will continue into next year Amazon will continue to lay off employees in the coming year, CEO Andy Jassy wrote in a memo to workers on Thursday. The company began …
More details: https://t.co/YXt9bAth7Y — unusual_whales (@unusual_whales) July 31, 2022 "We’re heading into a housing recession," The National Association of Home Builders CEO has said. — unusual_whales (@unusual_whales) July 31, 2022 7.5% of US homes for sale have cut their asking …
“At a time when soaring lumber prices have added nearly $36,000 to the price of a new home and priced millions of middle class households out of the housing market, the Biden administration’s preliminary finding to double the tariffs on …
by confoundedinterest17 The US housing market is hot, hot, hot! (Bloomberg – Prashant Gopal) Across the U.S., house prices are skyrocketing, bidding wars are the norm and supply is scarcer than ever. Now the market is too hot even for homebuilders. …
Home Builder builds 124 homes doesn’t sell them to individuals, but bundles them, and sold them for 32 million dollars for a giant rental cash flow. … Home Builders to STOP BUILDING AND SELLING AFFORDABLE HOMES – https://www.wsj.com/articles/if-you-sell-a-house-these-days-the-buyer-might-be-a-pension-fund-11617544801?redirect=amp#click=https://t.co/JtnN7aWXee If You …
by Kimble Charting Is 2018-2019 going to be a repeat of the 2007-2008 crisis for the home builders? One indicator/index to watch is the Dow Jones Home Construction Index. This index experienced a bearish divergence just before the 2007 stock market highs. …
US crude #oil inventory report was quite bearish, with biggest weekly stockpile increase since early 2017@EIAgov @Investingcom @SoberLook pic.twitter.com/T8TShDeJSs — Liz Ann Sonders (@LizAnnSonders) November 17, 2018 Home builders dropping prices #JohnBurnsRealEstateConsulting @SoberLook pic.twitter.com/HTxyS1vyHX — Liz Ann Sonders (@LizAnnSonders) November …
via palisade-research: Many of you know that I haven’t been exactly bullish on the U.S. housing market – especially the construction stocks. That’s why in early March I wrote about and recommended betting against the home builders (you can read that here and see how …
“This plan, far from solving or alleviating the problem, is likely to make it a whole lot worse.” By Don Quijones, Spain, UK, & Mexico, editor at WOLF STREET. Spain’s second biggest bank, BBVA, just announced that it’s resurrecting the 100% mortgage, a high-risk …
