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Island new home sales at a level last month not seen since that first time home buyer tax credit was in effect noon.
This is another sign that a housing recovery really is underway Jeff Flock in fishers Indiana that it.
I'll tell you one reason I think so always when we look at the home builder stocks -- wanna do that a moment but first I want to show you on the ground here this is a Ryland homes development.
Outside Indianapolis and take a look -- -- the paint on this one things are just booming here.
And if you take a look at the numbers let's put the numbers up on.
New home sales.
If you look compared to the boom times no we're not at.
Huge numbers that we -- -- boom times but I got Alan gold sticker here with violent you are coming back and you feel like it has life.
Did definitely has legs we we've been sitting back -- many years now to recover back permit isn't strong investments we're seeing real productivity.
And -- real demand.
You trust it would take me inside this -- here this is one of the homes that you are building right now here outside Indianapolis.
If you take a look at the inventory numbers inventory finally is doubts you're getting people who.
Now are looking for new homes then there's not enough there'd have to supply them.
Inventory sales have been good this year because of the -- low on inventory high and demand.
People -- sell their homes now waiting for new home in the to be built in the -- toward.
The average price -- -- walk me through this if we can't -- this one is already for drywall it's it's funny -- tell you this one take a look Tracy to look at the electric in here this is one of the places that.
Could put electric and in that it in this kind of you have to have a conduit in Chicago they charge a whole lot -- -- yes it's all across lot -- Chicago to build up.
And before we get away I just would give you the stocks because we always want to tell our investors what stocks are doing take a look at the home builder stocks.
It is incredible what they have done over the course of the past year take a look at it.
-- -- Ryland up 140%.
When our 420%.
KB homes DR Horton.
They've all done well.
I think that's good news for Allen as well as other folks out there who now I am being told.
A Tracy are finally being able to sell their other homes to buying new homes that's finally happens well.
Good thing like see the activity and -- everything is more expensive in Chicago isn't it.
Those unions what can I tell yeah.
Electricians they called a lot of my married.
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