New Homes sales up 70% with prices rising 13% -- a great combination.
Toll Brothers -- talked on their called about the ability to raise prices -- haven't seen that in a long time.
Resale prices in Vegas -- up 25% on a price per square foot yr/yr -- now at $90psft (which is still down 50% from the June 2006 peak).
More good news to come. Lag of supply (hard to believe in the resale market) could constrain upward momentum.
SPF -- geographically well position in California and with first time home buyers bodes well.
New Home Sales in Miami - up 56% in January.
Resale Price per square foot in Miami up 16% yr/yr -- up for 13 straight months, yr/yr... for SFH-- at $109 vs $192 peak in May 2006