Thursday, May 17, 2012

Liking the recent looks of this trend line..........
















thanks bill
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2 comments:

  1. Todd LohenryMay 17, 2012 at 7:43 AM

    Maybe I'm missing something but why do you like this trend?

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  2. Steve LaymanMay 17, 2012 at 9:37 AM

    I like the trend because it is gradually turning upward. Housing starts are now over 600,000 on an national annualized basis (for single family and multi-family combined). We believe that by 2014 the number should approach 1,000,000. We think gradual is good. The construction industry would have a difficult time handling a sharp increase in activity. The great recession has hollowed it out a bit. So, slow but steady improvement looks really good to us.

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