I do have this sort of weakening of the housing sector, but I think it should be thought of as a systematic cooling down process toward sustainable levels of activity and not viewed as kind of a classic housing downswing that's part of an economic cycle leading to a recession.
More Quotes from David Seiders:
It's healthy. We do need to have that happen -- gracefully, though. Affordability problems are glaring in the hottest areas. We've reached the point where something's really got to give.David Seiders
The warmest winter weather on record is what is driving a lot of this. I think that is the key factor behind this very strong surge in housing market activity, and as we move forward I think we're going to see these numbers come back down a lot.
David Seiders
It was impossible to maintain double-digit price inflation like we've seen the past few years.
David Seiders
The recent stabilization is consistent with the orderly cooling-down process that NAHB has been forecasting.
David Seiders
I am worried about the potential for a trailing down process that gains some momentum.
David Seiders
Some softening of long-term interest rates since early December helped buoy builder attitudes. Consumer confidence has rebounded nicely from post-Katrina lows.
David Seiders
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