We're certainly seeing a record rate of return in real terms (after factoring out inflation), and there has been very little sign of deceleration. But it is probably inevitable that some of this will slow down.
More Quotes from David Seiders:
This is obviously exuberant behavior by builders.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
I basically have a wait-and-see attitude with some healthy suspicion about this report. Either there is something that all of those other reports are not telling us, or this will get revised.
David Seiders
I've been expecting the housing-production component of GDP to move from a strong growth engine to a neutral or negative element in the U.S. economy over the next year and a half.
David Seiders
The home-ownership rate has edged down a bit from its high in early 2004, and we're seeing more people moving into rental housing.
David Seiders
The recent stabilization is consistent with the orderly cooling-down process that NAHB has been forecasting.
David Seiders
Readers Who Like This Quotation Also Like:
I Kenneth Robert Livingstone, having been elected to the office of mayor of London, declare that I take that office upon myself, and will duly and faithfully fulfil the duties of it to the best of my judgement and ability.Kenneth Robert Livingstone
May my soul bloom in love for all existence.
Rudolf Steiner
I found that our Soviet espionage efforts had virtually never, or had very seldom, produced any worthwhile political or economic intelligence on the Soviet Union.
Aldrich Ames