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Our shot up after I we -- -- more about these having numbers new home construction rose 15% last month this is like the fastest pace in more than four years.
Permit applications for future building also hit a four year high so we didn't talk about this we -- joined by one of the country's top mortgage lenders.
But Anderson executive director of supreme -- lending.
Freddie were talking about single family homes to -- for a while we saw a lot of multifamily units being built now we're down to the single family.
All the naysayers need to get on the sidelines because there's -- housing there's a housing locomotive that is taken off and you better get on this train.
What people need to do is they need to walk into these builder models right now watch how many contracts are signing.
Housing values or -- legal -- up this is good news for the buyers because they wanna make some money when they buy a home they don't want to lose money.
It's good news for the sellers because they're gonna make more money and it's good news for the refinance first because -- values go up.
More people get thrown into the refinance market therefore we have three wins for a healthy housing market.
OK -- but we still have problem in the Jumbo loan space don't we.
We -- the Jumbo loan space the upper end of banks still -- restricting that lending.
But what's happening though it -- people are selling their homes they're most sellers are moving up.
So the jumbled market there is more demands.
We do need to come up with a solution on how to get people.
In these high end loans more credit accessible.
To credit but that is the only flaw that's hurt in this housing -- right.
Not we said -- -- -- non cash and you can get out there in you build a home got the -- would throw.
Throw in the granted some biking spell I mean you -- you can get at the whole Christmas trees worth.
Of add on -- -- the cast.
Well and and you right when your -- by these new homes he wanna be careful upgrading too much don't upgrade over the neighborhood values and what you're seeing there but you're right but one of the things -- will tell you.
Builders are starting to increase their prices this is another good sign they're also start no less than there and said -- All these report to good parts and also look at these home builder stocks today look at DR Horton K hobby any of home builder index funds these things are on fire some of what I looked at K hobby any in this morning up ten per -- and one day.
-- -- That's fifteen works on -- -- 50% over the last ninety days now why do you think this is -- mean do you honestly believe this is all.
Because of our good old uncle Ben and quantitative easing.
-- it is -- a lot of people are starting to realize that we may be coming to the end of low interest rates down the road.
And they and they heard in their old house wanna go buy some new house is an all that.
But they realize that we're starting did move through this baseball game.
Really really fast and we're already in the bottom of the are the bottom of the fifth Fannie and -- come from the bottom the second to the bottom of the fifth.
In just about ninety to a 120 days I -- wait till next year.
I can't wait till the spring home buying season because you watch 2013.
It's gonna be the year of the housing -- I have here is -- got he got he got spunk that's for sure right yeah come back.
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