After digesting the March housing data for our nation I sence optimism. Not because of the small increase in housing starts or the a rebound in building permits, but because it seems we have adjusted to the economic and real estate information out their. I sence that for the most part we have accepted the current state of our market.
As a builder, it is crucial that I "live in today" and make plans that are taylored for my situation. So reading positive tidbits even though the sales environment is sluggish gives e hope. We are accepting our situation and adjusting our business' accordingly.
I see that total housing starts have posted monthly increases in three of the last four months. I also see that April was the first month in over a year in which single-family permits posted a monthly gain. But what does that mean? It is spring, right? We historically see more starts in spring, right? Does this indicate that hesitant buyers will move off of the sidelines as mentioned by one analyst, or should I interpret this as expected, but still below average? Add to this the state of the current mortgage rates, which are historically low and buyers for the most part can make great deals, and confusion sets in....again.
Well, at least some people are building and buying homes. And most of us believe that it could not get much worse.
And at the heals of the past year or so, thats optimistic.
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