howard sumner: consumer spending recovery - 05/27/12 03:57 PM
Thoughts to ponder
Looking at the information from Gallup on consumer spending comparing before the great recession and financial collapse in the fall of 2008, the 14 day rolling average of consumer spending to 2012, consumers report that they were spending 15.9% and 21.64% less than in January and May respectively in 2012 as compared to 2008. Looking at the bottom in 2010 consumers report that they spending 5.7% and 11.76% more respectively in January and May 2012 as compared to 2010. According to the bureau of labor statistics from consumers prices have risen 4.46% and 5.53% January and May respectively … (1 comments)
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howard sumner: National home building april numbers - 05/26/12 12:07 PM
The April new construction numbers are in, for the national construction business, and on a year over year some positive trends no doubt, also the trends movement from the bottom are positive, but you have a nagging feeling that all is not well in the construction business. When permits, starts and sales are off between 45 to 52% from the 50 year average, the industry as a whole still has some pretty serious challenges.
Since the peak year was back in 2005 and the time span is now seven years, as business picks up there will be challenges in finding … (0 comments)
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howard sumner: 4227 Audubon Way, Billings MT 59106 - 05/23/12 05:14 AM
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howard sumner: 1128 Saint Johns Avenue, Billings MT 59102 - 05/22/12 05:19 AM
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howard sumner: 5715 Sweetgrass Creek Drive, Billings MT 59106 - 05/21/12 05:21 AM
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howard sumner: 1024 Lost View Drive, Billings MT 59105 - 05/21/12 05:19 AM
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howard sumner: 359 Stewart Court South, Billings MT 59105 - 05/16/12 12:56 PM
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howard sumner: 1024 Lost View Drive, Billings MT 59105 - 05/16/12 12:53 PM
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howard sumner: Market update at glance April 2012 - 05/05/12 12:09 PM
Another month and a third of the way through 2012. The market is moving faster than what I expected, I truly believed that it would take till late summer to have the improvement in numbers that we are seeing. All the numbers are stand outs, so I will comment first on price movement. When you look at the both the average and median selling price it appears the market is really making a movement and it has, yet not quite as big as it appears on the surface the “REAL APPRECIATION” YEAR OVER YEAR BASED BOTH ON PRICE AND SIZE IS … (1 comments)
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howard sumner: 359 Stewart court Billings Montana 59105 - 04/28/12 10:12 AM
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howard sumner: 1126 Miles Billings Montana 59102 - 04/28/12 10:09 AM
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howard sumner: Market update at glance 1st quarter 2012 - 04/10/12 09:31 AM
Here we are at the end of the March, ending the first quarter. Time flies when you are having fun, the first two months behaved like I expected, pretty much a slog, then March came. It behaved like someone turned on the faucet. The market has gone from where buyers definitely had the upper hand in negotiations to a balance in the market place, where neither buyer nor sellers have more power. The first thing that happens as this change takes place, buyers resist, and continue along the same path of low offers and asking for the world, only with … (0 comments)
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howard sumner: 1202 69th Street West, Billings MT 59106 - 04/07/12 07:49 AM
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howard sumner: 2021 george street Billings Monatan 59102 - 04/06/12 06:03 AM
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howard sumner: 41 marshal billings montana 59101 - 04/06/12 06:00 AM
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howard sumner: national new home construction comparisons - 03/24/12 06:25 AM
To start I thought it might be useful to give some context to new construction as compared to other industries or measures we might look at and where the other bench marks or measurements would be if they had “recovered” as much as new construction. I use the percentage drop of new construction from the 50 year average (approximately 48%) instead of the drop from the peak (approximately 68%) to make the comparisons less dramatic and even doing that I believe the numbers are stunning
Dow average peak 14,164 current 13,046
drop from peak using new construction, the dow … (1 comments)
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howard sumner: forclosures and the market - 03/21/12 08:43 AM
A little perspective is always a good thing to try and sort reality from fiction. Right now nationally resale’s of existing homes are running in the 4.8 million category that is with interest rates that make it pretty close as cheap to own as it is to rent. The second is, news on the foreclosure front touting how much it has dropped as the saying goes “figures don’t lie but liars figure”
So the thought to ponder, with about 3.8 million homes either 90 days late or in foreclosure which is about 88% higher than “normal” (ignoring all the delinquent less … (0 comments)
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howard sumner: market update at glance febyary 2012 - 03/06/12 10:30 AM
HERE WE ARE ROARING THROUGH 2012. TWO MONTHS GONE AND TWO MONTHS OF WINTER WITH JUST SOME COOL WEATHER, NOTHING LIKE THE LAST TWO WINTERS IN TERMS OF SNOW. INTEREST RATES ABOUT AT 3.89% FOR A 30 YEAR FIXED RATE MORTGAGE, 20% BELOW LAST YEAR AT THIS TIME; THOSE TWO THINGS COMBINED ARE SHOWING UP IN THE HOME SALES IN YELLOWSTONE COUNTY. CLOSED SALES AT A NICE CLIP ABOVE 2011, IN THE FIRST TWO MONTHS, ALTHOUGH I WOULD CONSIDER IT A BIT OF MISS MATCH OF A COMPARISON WITH THE FACTORS MENTIONED ABOVE. THE REAL BRIGHT SPOT IS THE DECREASE IN … (0 comments)
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howard sumner: 204 & 206 Calhoun Lane, Billings MT 59101 - 03/05/12 12:04 PM
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howard sumner: 5406 Quarry Stone Avenue, Billings MT 59106 - 02/28/12 06:49 AM
table width="100%" style="font-family:arial" cellpadding="10"> … (2 comments)
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