I don't know but don't think so intermediate or long term. Most houses in 1980 were 76K. Same houses now are 295K. Gold at peak in 1980 800 gold not 3000 now. We have a long long ways to go and it will overshoot. I say gold to 3500 in the next few years.
nahb.org
ANNUAL NEW HOME PRICES (1980-2005) Printer Friendly
Period Median Average
2005
$238,100
$295,100
2004
$221,000
$274,500
2003
$195,000
$246,300
2002
$187,600
$228,700
2001
$175,200 $213,200
2000
$169,000 $207,000
1999
$161,000 $195,600
1998
$152,500
$181,900
1997
$146,000
$176,200
1996
$140,000
$166,400
1995
$133,900
$158,700
1994
$130,000
$154,500
1993
$126,500
$147,700
1992
$121,500
$144,100
1991
$120,000
$147,200
1990
$122,900
$149,800
1989
$120,000
$148,800
1988
$112,500
$138,300
1987
$104,500
$127,200
1986
$92,000
$111,900
1985
$84,300
$100,800
1984
$79,900
$97,600
1983
$75,300
$89,800
1982
$69,300
$83,900
1981
$68,900
$83,000
1980
$64,600
$76,400
|
