By historical comparison, theres not an economist on the street that can call housing weak right now. If this is the soft patch, its pretty darn good for a soft patch.
More Quotes from Richard Yamarone:
The big problem now is what does the Fed do with this. How does the Fed take the foot off the brake when you have stellar job creation and signs of increasing inflationRichard Yamarone
It's not all roses in the labor market. I think the worst is behind us, but we're more likely to have flat, or sideways, movements in job creation for the next year, year and a half.
Richard Yamarone
So we don't get the gold medal in housing this year we have to settle for the bronze. There's still plenty of demand for housing in the U.S., even with the higher mortgage rates.
Richard Yamarone
We caution investors one month of stellar job creation does not a trend make. And since the entire Street has diminished economic growth projections for 2005, we have to stick to our guns of slower, not stronger, job creation in coming months.
Richard Yamarone
I can't see the state of job creation changing for the better anytime soon.
Richard Yamarone
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