Richard DeKaser
Richard DeKaser
carrying course firm likely momentum sustained
We're carrying firm momentum into 2006 which is likely to be sustained over the course of the year.
area cards demand expect likely side supply sync takes time
When demand shifts, it often takes time for supply side to get in sync ... I would still expect some softening is likely in the cards in the Dayton area as we go through this year.
continue economic half hold levels likely lower maybe mortgage next pace past period quite rates
If we see economic indicators continue to weaken at the pace they have weakened in the past month, then I'm wrong. We could not only see mortgage rates continue to soften, but hold at lower levels for quite a substantial period -- maybe the first half of next year. But I don't think that's likely to happen.
believe demand housing leads likely minimum mortgage recent rise weakness
There's already been a considerable softening in housing demand which preceded the recent rise in mortgage rates. Which leads me to believe that the weakness at a minimum will continue, and may likely accelerate.
caused concern economic increase january marked oil related
January marked an end to the economic concern caused by the hurricanes ... and the related increase in oil prices.
apparent bush changed economists house influence quite small throughout white
The apparent influence of White House economists has been quite small throughout the Bush administration, which hasn't changed much of late.
housing peak recognize summer year
When we look back a year from now I think we'll recognize the summer of 2005 as the peak of the housing boom.
credit guides industry markets reassuring sending signals useful whatever
The credit markets have been very useful guides to industry prospects. Whatever reassuring signals they are sending shouldn't be ignored.
consumers economy excess healthy major prop spending
We have consumers spending in a healthy but not excess pace. They are an important prop to the economy but not a major driver.
across appears business consistent expansion healthy hearing improvement momentum reflects saw sentiment
This reflects the healthy expansion we saw in April, and it's consistent with what we're hearing from businesses. Not only was there improvement in orders, but there appears to be momentum in business sentiment across the board.
coming family market peaked report
Today's report confirms that the single-family market has peaked this summer, and it's coming off gradually.
due exactly february january knew mild month spending surprises
There are not a lot of surprises here. We knew February will be a down month in spending after a torrid January due to mild weather. This is exactly what we got.
close later point quarter
We're awfully close to the end of the game. They've got another quarter point in them. We'll see it later this month.
activity august clarify help raises seeing slowing stake
We are seeing a slowing in manufacturing activity in August that raises the stake of the ISM index which will help clarify some of today's confusion.