montana: consumer spending recovery
- 05/27/12 08:57 AM
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)
montana: National home building april numbers
- 05/26/12 05:07 AM
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)
montana: Market update at glance April 2012
- 05/05/12 05:09 AM
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)
montana: forclosures and the market
- 03/21/12 01:43 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)
montana: market update at glance febyary 2012
- 03/06/12 02:30 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)
montana: New home contruction Natioanlly end of the year 2011
- 01/30/12 12:20 AM
When reviewing the information about new construction whether permits, starts, or sales, if as many talking heads profess, that housing is “recovering” why are all categories 52 to 59% off the fifty year averages and down 72 to 76% from the peaks. And construction employment has dropped from 8,045,000 million people employed to 5,436,000 million people employed. The question i have to ask myself, if you go from no pulse in intensive care to a pulse are “recovering” or just not dead.
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montana: year end review 2011
- 01/10/12 03:32 AM
2011 END OF THE YEAR REPORT THE GOOD, THE BAD, THE DIRECTION MY FIRST COMMENT ABOUT 2011 IS, I AM GLAD IT IS IN TH REAR VIEW MIRROR. MY BELIEF IS 2011 GOES INTO THE RECORD BOOKS AS THE LOW POINT IN REAL ESTATE UNIT SALES AND MOST PROBABLY PRICING IN THIS REAL CYCLE IN YELLOWSTONE COUNTY. THAT BEING SAID THAT DOES NOT MEAN A BOUNCE IN 2012. WHAT IT MEANS IS, MOST PROBABLY, STABILITY WITH A BIAS TOWARDS AN UPWARD MOVEMENT. THE MOST DIFFICULT ASPECT OF 2011 WAS THE FINANCING ARENA, ALTHOUGH RATES ARE INCREDIBLE, THE HOOPS TO JUMP THROUGH … (0 comments)
montana: Housing constuction zooms?
- 12/20/11 01:29 AM
Here is the headline from yahoo financial news Housing Starts Surge to 1.5 Year High, Futures Rally Here are the actual numbers--- whom is trying to sell what to whom ? ---- swamp land comes to mind … (3 comments)
montana: does lending affect home sales?
- 12/02/11 02:23 AM
THOUGHT IT MIGHT BE NOTE WORTHY TO LOOK AT HOME SALES, EMPLOYMENT, INTEREST RATE AND POPULATION GROWTH TO SEE IF LENDING REQUIREMENTS ARE HAVING MORE OF AN EFFECT ON THE MARKET THAN THE OTHER THREE VARIABLES THAT AFFECT HOME SALES. THE TREND BEGINS IN 2007.
TO START OFF WITH A LOOK AT PRICING OVER THE LAST FIVE YEARS. SLIGHT PRICING DIFFERENTIAL BETWEEN WHAT MOST WOULD CALL THE CITY OF BILLINGS COMPARED TO THE COUNTY. IN THE COUNTY ARE HOMES THAT HAVE MORE LAND ASSOCIATED WITH THEM SO OVERALL PRICING IS A LITTLE HIGHER.
THEN USING THE ABOVE INFORMATION THE … (0 comments)
Thoughts to ponder
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