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The Home Depot, Inc. Message Board

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  • davesmith49@rocketmail.com davesmith49 Mar 7, 2012 2:39 PM Flag

    wheres that darn housing bottom

    What metric are you looking at? This is Total: New Privately Owned Housing Units Started

    http://research.stlouisfed.org/fred2/series/HOUST?cid=32302

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    • yes i see all these different charts,and i also see a few truss packages going through town.but i also see contractors low balling each other to death.there is very little upside or profit.you see im an operator.my boss is trying to win another walmrt job,with three other contractors bidding lower and lower.im out here in the trenches man and i do not see it yet.and neither do the old schoolers ,yet.dollar general is blowen and goin and wlmrt but thats all i see bud

      • 1 Reply to critz_d
      • davesmith49@rocketmail.com davesmith49 Mar 7, 2012 4:01 PM Flag

        "Bottoms" suck if it's your industry. If you look at that chart, we're at the lowest level in over 60 years. So I don't disagree with your observation. What traders call a bottom is just a slight improvement off the lowest levels, which is pretty much where we're at, but that's not going to feed your family. What you are looking for is a nice bounce off that bottom which we haven't seen yet. The problem is that foreclosures keep competing with new home sales. Banks are selling existing homes at firesale prices.

        HD is still benefiting from these foreclosures and short sales because there is a lot of "fixer-upping" going on, supposedly.

 
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