Homebuilder Blues: NAHB/Wells Fargo Home Builder Ratings October 2009

Fuck Bankers

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
-Thomas Jefferson

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Homebuilder Blues: NAHB/Wells Fargo Home Builder Ratings October 2009

HMI, NAHB Comments (0)

Yesterday, the National Association of Home Builders (NAHB) released their latest Housing Market Index (HMI) showing a decrease to the overall index as well as all component indices.

It’s important to recognize that although each sentiment index has now shown year-over-year increases, their levels still remain near the worst levels seen in over 20 years.

The new home market will likely not resume any significant form of healthy function until the considerable overhang of inventory is cleared.