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 Housing picking up?

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rockhump

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Join date : 2008-05-16

PostSubject: Housing picking up?   Wed May 28, 2014 6:45 am

I saw this morning where Toll Brothers quarterly profit doubled from the same period last year. In addition, in the past years it's been oddly quite on my local golf courses due to the lack of construction. Last week, we saw and heard several houses being built. This is anecdotal evidence perhaps but maybe housing is starting to pick back up?
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Thump

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Join date : 2008-05-13
Location : Central Florida

PostSubject: Re: Housing picking up?   Wed May 28, 2014 7:33 am

New house sales were up in April.  Used houses not so much.
Not enough to call it a trend but new builds have been selling better for some time.  Nothing runaway though.

I think new construction always picks up in the spring after winter's chill is gone and the weather turns warmer.  Might be one reason for the new building around your golf course.  May's sales will be compared to May last year, I don't keep up so don't know whether to expect it to grow or not.

EDIT: Home equity loans have been picking up. Home Depot looks good to me right now. I have some, got your Mom 50 not long back.
Also durable goods orders have picked up for what you need in a house, appliances, etc.
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