Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: redfrecknj who wrote (29349)	3/25/2005 12:10:15 AM
From: CalculatedRisk	Read Replies (1) \| Respond to of 110191

First, the "one-family houses" is a subset of "Privately-owned housing". Privately-owned housing starts in February were at a seasonally adjusted annual rate of 2,195,000. This is 0.5 percent (±9.4%)* above the revised January estimate of 2,183,000 and is 15.8 percent (±8.8%) above the February 2004 rate of 1,895,000. Single-family housing starts in February 2005 were at a rate of 1,775,000; this is 0.3 percent (±9.1%)* above the January figure of 1,770,000. The February rate for units in buildings with five units or more was 365,000. So you want to compare 1.226 million sales to 1.775 million starts. This is about the usual ratio ... I don't exactly remember why, but I think some of it has to do with custom homes (that are built for the land owner) and never show up as sales.