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Can the Housing Market Build a Recovery?

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  • Description

    Wintrust Financial sales manager Jeff Lincoln on making construction loans available.

  • Duration 2:23
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I would have a market shown signs of life hopefully in today in new home sales rose to the highest level in two years.

Home builders keep going to bring this momentum back home -- Jeff Flock joins us from the time it more exact you know what.

-- home -- might only be 20% of total housing market but to -- that's.

Exactly and I'll tell -- -- -- -- start to see these signs again this is a home site and new home -- and make it out here in the Chicago suburbs.

And -- I want to put the numbers up because it is encouraging we've had a spate of good numbers lately.

Take a look at seven point 6% sales up of new homes -- makes the home -- happy.

That makes the folks -- do it alone -- we have got Jeff Lincoln who was with -- trust's financial.

One of the largest specialist -- in Chicago in the Chicago area.

And you are making construction loans available again which you work before.

Correct we're making him available to all of his clients is what we do.

So they would come to us for constructs alone we would get him approved for the construction alone -- the same time take a look at the stock at Tracy -- trust financial.

These are one of the guys are getting back into the construction loan market again.

One of the reasons is sale price take a look at the chart on sale prices got to be good news to you John Hall home builder prices ticking up again.

If price is ticking up -- been really good for us and the demand is actually starting to pick up as well.

You know we have a quite a few of these house is starting to go up for our clients and these guys lend us the money actually letting our clients the money is really -- -- out quite a bit this is what I'm starting to see and it's very encouraging -- to start to see lending again on something like construction laws which were anathema.

To loan.

Purveyors there for a while starts erupt permits are up builder confidence is up and else sales are -- -- -- -- -- -- What's the future.

Taylor is great I think for the -- -- -- -- overall nationwide they have gone to the builders association has done does as well.

And nationwide looks like -- new construction is going to be up on the next street warriors.

Only negative I have to show -- -- we go away with the chart.

Of the homebuilders.

Home builder stocks down today but that's not really about the numbers today -- about larger economic picture -- that.

We don't have any control -- Just flat it's good news is you know why they need washing machines and you need a lot of -- you got a higher paying turns its all good -- thing.

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