Michael Carliner
Michael Carliner
areas building divert effect hit key produce wood
It's going to divert some key materials. It's going to have an effect on building elsewhere. A lot of the areas that were hit are areas that produce wood products.
among family gone living oldest people share
Among the oldest households, the share of people living with their family has gone down, but among people in their 50s and 60s it has gone up.
beginnings effect immediate lock lower people rate sales start unusual
It's not unusual when you first start to see the beginnings of a rate increase, that the immediate effect is an acceleration of sales as people try to lock in the lower rates,
condo couple face past tremendous
I think we're about to face a glut. There's been a tremendous surge of condo construction and also condo conversions over the past couple of years.
homes supply
Excluding homes that haven't been started, the months' supply is historically low.
builders buy enthusiasm evidence high market national pricing seen serve share trying
There may have been a little over-enthusiasm trying to serve the high end previously, but we haven't seen any evidence the high end is having problems. We have also seen some national builders trying to buy market share by pricing more aggressively.
bought buyers home last money next prices saved
When prices go up, buyers say, 'Look how much money I would have saved if I bought last year, and if I don't buy now, I won't be able a new home next year,'
expected
We had expected to see a slowdown, and this confirms it.
additional both demand forward process repair
We're going to have a lot of additional demand for materials, both in the cleanup process and the repair process and going forward in rebuilding.
home increases predicting price slow
We had been predicting home price increases would slow down. Now they won't slow as quickly.