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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (12326)	9/27/2004 3:53:01 PM
From: NOW	Read Replies (1) \| Respond to of 116555

ILD ANY HOMIES ON YOUR SCREEN HERE?

To: ild who wrote (12326)	9/27/2004 3:55:23 PM
From: CalculatedRisk	Read Replies (1) \| Respond to of 116555

The resale market is dead here in Orange County and in San Diego. New Homes are apparently still attracting some interest, but far below earlier this year. The South must still be holding up.

To: ild who wrote (12326)	9/27/2004 3:57:45 PM
From: TH	Read Replies (3) \| Respond to of 116555

ild and Haim, Thanks for your input. This part was interesting, "On a regional basis, sales of new homes rose in the Northeast (+6.1%), South (+12.6%), and West (+19.5%) but dropped 8.3% in the West." I assume that first "West" was a typo. Inventory up, price down tells much more than the 9% pop. I'm a chicken short, and the home builders have tested the mettle of shorts all year, but I am going to short em all at some point. I might miss the first wave down, but I think it could be a long ride over the next couple of years. Good Trading TH