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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (51745)	4/16/2002 3:36:52 PM
From: LTK007	Read Replies (1) \| Respond to of 99280

zeev with larry's impending buy signal and no counter sell-off tomorrow, well you would now seem to have have won the game( you Mississippi Gambler you:) and June massacre now taking the lead. And this i contribute as more data for the June Massacre, as NO one cares about this today, but housing showing the END of the boom is developing. from briefing.com Highlights March housing starts 1.646 mln (-7.8%), permits 1.599 mln (-9.9%). those are NOT insignigant numbers.max) Key Factors Stronger than expected decline from an upward revision to Feb's strongest level since 1998. Single-family starts fell 11% after a 4 month gain of 20% to the strongest level in decades. Early year strength partly tied to mild winter weather. Jan home sales were a record high. Declines in all regions outside the small Northeast. this backs my belief the boom on the Downeast Coast of Maine has just begun, the rich want more than ever to have a hideaway, they are invading up here--max) 13% plunge in the powerful South hit the hardest. ( i read a report that shows South and Southwest be fading in retirement home category and north is rising-max) Permits running in tandem, 10% drop follows 19% surge over the prior 4 months. Low mortgage rates still credited for the resilience of the housing sector, weak investment alternatives provide support. Big Picture The housing data have been very strong in 2002, rebounding from the Oct low despite the turn higher in fixed term mortgage rates. Continued low financing rates and strong price appreciation have provided support. The drop in confidence, the plunge in equity values and the economic contraction seem to have hardly slowed the resilient housing sector. The interest sensitive sector remains one of the strong legs of the economy despite the recession and continues to surprise on the upside as buyer demand remains strong. Warm winter weather has helped. briefing.com