Housing Economics

Housing stocks and housing starts, permits, etc. as economic indicators need to be greatly understated. Case-Schiller is different, that is pricing. The market share of housing equity stocks and supply is much more commodity based then one likes to admit. The housing stocks that are up this year are entry-level builders. Millennials are not buying entry-level homes, so this leads thought to people downgrading and buying the homes, or speculation.

I must admit I do not agree with the concept of new construction without regulated supply and demand. I believe it is waste. It applies pressure to sell and perpetuate debt, debt inside a commodity investment hat is not always a sound investment and not guaranteed to appreciate. 

- Chad