Real Estate Newsletter Articles this Week: New Home Sales Increase to
693,000 Annual Rate in March
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At the Calculated Risk Real Estate Newsletter this week:
• New Home Sales Increase to 693,000 Annual Rate in March
• Lawler: Observations on the Recent Sur...
14 hours ago
4 comments:
I'd say this is a pretty good indicator.
I am in the business.
It certainly has a sliding down a slope of hope look to it, just like 1988 to 1990.
It is hard to know for sure, since I for one am using less electricity (since replacing many of my bulbs with more efficient ones).
It's a good indicator but... Caution is warranted because of the increasing ability of large consumers to hedge between multiple primary energy sources. Cheap natgas could cause primary electricty to go down for instance. Also the price of electricity seems to be outpacing over the long term other energy, that might account for a growing economy using less energy if you draw a general trend.
Rob Dawg,
Natural Gas has been rising a lot faster than electricity in recent years. At today's prices, it has nearly tripled since 2000.
Oil is clearly way, way up.
I would argue electricity is much cheaper relative to the other forms of energy (even as electricity continues to climb). It is "only" up 25-35% since 2000. If anything, I would expect industry to embrace electricity with open arms now.
Just my 2 cents.
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