Amazingly, after a 20 premarket pop, both of these are now slightly negative.
Its still early in the trading day, and I expect the news flow will whipsaw each of these.
Still, its rather astonishing. Must be some bad rumors or sumpthin’ . . .
New Home Completions, 1968-2008 click for ginormous chart Major New Home Building Housing expansions since 1968 are marked as a red horizontal line at bottom. They previously lasted 2-4 years (71-73; 76-79; 83-87) The most recent boom far exceeded all previous expansions, running form 1992 – 2003 — then exploding upwards for another 3 years…Read More