Orawin Velz
Orawin Velz
builders cannot home housing leading permitted properties supply trying work
It could be that home builders are trying to work off the supply of permitted properties they have in the pipeline. If you look at leading indicators of the housing market, you really have to say this cannot be sustained.
bubble came demand factors falling good home low mortgage sales strength
We don't see a bubble because the strength didn't come from speculative demand. It came from low 30-year mortgage rates, good demographics and other good fundamental factors that boosted demand. Even if demand declines, we won't see home sales falling off a cliff.
decline employment expecting next volume year
We're expecting a decline in employment because we expect the volume of originations to decline pretty significantly next year -- 20 percent.