just not furniture?
Furniture Brands), announced today that it has filed voluntary petitions under Chapter 11 of the Bankruptcy Code Furniture Brands serves its customers through some of the best known and most respected brands in the furniture industry, including Thomasville, Broyhill, Lane, Drexel Heritage, Henredon, Pearson, Hickory Chair, Lane Venture, Maitland-Smith and LaBarge.
If you know any independent lumber co's (not Lowes-Home depot) ask the owners they will tell you it isn't picking up as we are told. Big Houses are being built or sold for people 200k and up, not many of them. One of the 14-20 million dollar homes = 15 to 20 normal homes.
What I think is, They don't know any other than investment worked pretty well in the past. It takes time for them to get used to it. Best example is Japan. Buying/selling house to increase bank deposit is gone. Ask Japanese.
The Fed is buying everything! Buying back the junk MBS is what fueled the so called housing recovery. 85 Billion per month is keepting this economy from tanking. But that is coming to an end soon enough, and then, recession and deflation, and quite possibly a serious worldwide depression, as Japan, Europe, and the U.S. go kaboom from huge sovereign debts in the face of interest rates increasing.
I've felt for months, that most of the positive housing data came from house flippers and investors looking to rent units out.
We were seeing some strength in appliance sales....that's one of those things that go with remodeling, which is what they do when they "fix a place up" to flip or rent.
We were seeing some strength in appliance sales....that's one of those things that go with remodeling, ""
I believe your theory could be spot on.
" Blackstone has spent more than $2.5 billion on 16,000 homes to manage as rentals, deploying capital from the $13.3 billion fund it raised last year,"