Tuesday, December 18, 2012
Housing Firing On All Cylinders To End 2012
The XHB is just a few cents shy of a 52 week high...
Home builder confidence continues to rise and is at its highest level since early 2006. Starts should continue to follow the trend higher.
And then there is the latest California data. http://www.car.org/newsstand/newsreleases/2012releases/novembersalesandprice/
Median price up big (yes, this is mainly a mix issue though), inventory low, and a crazy low 3.1 months of inventory.
Bring on all the supposed shadow inventory, the market is aching for more supply. Spring 2013 should be pretty strong at this rate.