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IBDvalueinvestin (99.66)

Don't be fooled, Housing permits number is what to look for not housing starts.

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January 19, 2011 – Comments (2) | RELATED TICKERS: SPY , QQQ , SPXL

We all know the weather has been very difficult this winter and could be the major factor in housing starts not meeting estimates. What we will have this spring then is pent up demand as Housing permits are well above estimates. If you combine today's housing permits plus the housing starts that got delayed because of weather, we should see very strong housing starts in 6 weeks. Which is the beginning of March.

December Building Permits 635K vs 560K Briefing.com consensus; M/M change +16.7%

December Housing Starts 529K vs 550K Briefing.com consensus; M/M change -4.3%

2 Comments – Post Your Own

#1) On January 19, 2011 at 10:39 AM, leohaas (31.02) wrote:

Have you joined the NAHB as a spokesperson?

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#2) On January 19, 2011 at 10:46 AM, IBDvalueinvestin (99.66) wrote:

You don't have to be an insider to be able to read beyond just the headlines.

California got hit by Floods 

Snow and Ice in Southeast, midwest, and Northeast

You can't start a house foundation if the ground is flooded or the Ground is frozen. Concrete needs temperatures to be above freezing within a 48 hour period after placement by code otherwise you risk having a cold joint in your foundation wall. 

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