Development appears to be the 1st to feel momentum
Harry Redfearn, Vice-President of Beverly-Hanks Community Marketing Group, recommended this newsletter. It contains timely and detailed information from some of the industry’s leading experts on the master planned and resort/vacation community development industries. While the report is incredibly detailed and full of insight the first two pages are more generic in nature and discuss the housing market as a whole.
Bowden’s Market Barometer
Buoyed by a bull stock market that has increased the fortunes of the top 5% to 10% of American households over the last year or so, the development segment appears to be the first to see some serious momentum. While this is good news, the momentum created by move-up and first-time second homebuyers remains sluggish due to an absence of home ownership equity and/or an inordinate amount of resale competition.
In his most recent letter to Berkshire Hathaway shareholders, Warren Buffett made a relevant comment. “Money will always flow toward opportunity, and there is an abundance of that in America. The media talk about uncertainty today like it’s something new. It isn’t. Only our perception of it is.” Buffett is enthusiastic about the housing Industry citing consumer interest and current conditions as catalysts for recovery: “Home ownership makes sense for most Americans, particularly at today’s lower prices and bargain interest rates.”
Complete article at: Bowdens Market Barometer March/April
