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Dock Treece Good News Wednesday November 11, 2020
Good news Wednesday, stocks were up again yesterday and the DOW is closing in on the all time high set last February.
But it was another day where the excitement was not shared by the other indices.
Job openings were flat compared to the last report but are still above 600,000 openings.
The attached article is an eye opener on two fronts, first rents for single family houses are rising quickly and second demand is strongest by people leaving the cities and working remotely.
The other point of the article is the shortage of starter homes priced below $200,000. From the article: "The inventory of for-sale homes relative to the number of U.S. households is at its lowest level in decades, which has pushed prices to records in many markets. Builders have ramped up construction, but they aren’t adding much at the low-end. Just 10% of new homes sell for less than $200,000, down from nearly 45% a decade ago, according to John Burns."
But it was another day where the excitement was not shared by the other indices.
Job openings were flat compared to the last report but are still above 600,000 openings.
The attached article is an eye opener on two fronts, first rents for single family houses are rising quickly and second demand is strongest by people leaving the cities and working remotely.
The other point of the article is the shortage of starter homes priced below $200,000. From the article: "The inventory of for-sale homes relative to the number of U.S. households is at its lowest level in decades, which has pushed prices to records in many markets. Builders have ramped up construction, but they aren’t adding much at the low-end. Just 10% of new homes sell for less than $200,000, down from nearly 45% a decade ago, according to John Burns."
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By 1370 WSPD (WSPD-AM)Good news Wednesday, stocks were up again yesterday and the DOW is closing in on the all time high set last February.
But it was another day where the excitement was not shared by the other indices.
Job openings were flat compared to the last report but are still above 600,000 openings.
The attached article is an eye opener on two fronts, first rents for single family houses are rising quickly and second demand is strongest by people leaving the cities and working remotely.
The other point of the article is the shortage of starter homes priced below $200,000. From the article: "The inventory of for-sale homes relative to the number of U.S. households is at its lowest level in decades, which has pushed prices to records in many markets. Builders have ramped up construction, but they aren’t adding much at the low-end. Just 10% of new homes sell for less than $200,000, down from nearly 45% a decade ago, according to John Burns."
But it was another day where the excitement was not shared by the other indices.
Job openings were flat compared to the last report but are still above 600,000 openings.
The attached article is an eye opener on two fronts, first rents for single family houses are rising quickly and second demand is strongest by people leaving the cities and working remotely.
The other point of the article is the shortage of starter homes priced below $200,000. From the article: "The inventory of for-sale homes relative to the number of U.S. households is at its lowest level in decades, which has pushed prices to records in many markets. Builders have ramped up construction, but they aren’t adding much at the low-end. Just 10% of new homes sell for less than $200,000, down from nearly 45% a decade ago, according to John Burns."