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More proof that rising interest rates have no effect on housing


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2013 Oct 3, 2:13am   4,132 views  1 comment

by RentingForHalfTheCost   ➕follow (2)   💰tip   ignore  

http://www.bloomberg.com/news/2013-10-02/homebuilder-group-lowers-starts-forecast-after-rate-jump.html?cmpid=yhoo

Single-family home starts are expected to be 629,000 this year, lower than an April estimate of 672,000, the Washington-based group said in a report today. In 2014, the total is expected to be 826,000, compared with the prior forecast of 858,000. Work began on about 537,000 houses in 2012.

#housing

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1   tatupu70   2013 Oct 4, 8:43am  

Call it Crazy says

tatupu70 says

All it takes is 5 seconds to find the mortgage rates in 2012 were well below 3.5%.

Sure they were...

It would help if you realized that 2012 had 12 months. Posting a chart that only goes until month 7 is a bit misleading, wouldn't you agree?

Call it Crazy says

Notice "March 2012"... Now go back and look at your link...

Still think rates were "well below 3.5%" in March 2012??

Well, here's what you actually stated:

Call it Crazy says

You got 3.5% rates in 2012??

Hmmmm..

Notice that there's no mention of the month of March in that statement. It's too bad you have to try to change your statements after you are called on them....

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