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Afternoon Note

More Housing Revival

By Charles Payne, CEO & Principal Analyst
11/17/2017 1:03 PM
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The Housing Revival needs two things, buyers and houses.   Ironically, there has been more of the former than latter, which is discouraging the former.  The lack of carpenters, the jump in lumber prices and regulatory hurdles have all conspired to slow the housing market in 2017. 

While it’s unlikely there will be a jump in folks with carpentry skills overnight, many are being lured back after leaving the industry during the Great Recession.  On that note, we have a nice mix of demand and supply going into 2018.

Housing starts in October

Housing Permits in October

I would like to see even greater traction in single family homes, although multifamily housing reflects the current realities of millennials and their desire to live in and around large urban areas.  In fact, megacities, predicted over a century ago, are being cobbled together around the world including the United States.

As for the equities market, its clear the market is still working through consolidation, but amazing amounts of money pouring into winnings stocks.

Let’s hold off for now.  Have a great weekend.


Comments
It takes 4 years to complete a real carpenters apprenticeship, not some hack that does it when he can get work. I'm talking stick jobs not forming concrete. From roughing to rafters, doors to lay out. I am not a union guy but, In Wisconsin, they have the complete program start to finish..When that kid is done he can build a house...

gregg paucek on 11/17/2017 1:28:30 PM
CVP = People have short term jobs = New generation & work,spend on fun, & move to next state that has their kind of work Housing will never recover = high rise apts winning==

fred wiese on 11/17/2017 2:52:45 PM
 

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