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Starts fell sharply last month applications for building permits -- silver lining.
And Jeff black is ours at reliant and he is -- from one home builder in Huntley Illini with more hey Jeff.
The whole midwest as a silver lining as a matter of fact Tracy take a look at regionally how this went down as you can point out.
Nationwide starts -- down more so than expected even though those permits were up but take a look at where.
In -- south down 48% northeast down 13% the west down to but the midwest was actually up 11% -- Ryland homes.
Development here outside Chicago at.
Look at -- the stock compared to housing starts over the course of the past five years to see actually Ryland has had a pretty good.
Even those -- have an up and down and talked to John -- regional president for -- here.
Who said he's actually been -- starting communities that's what here.
-- -- restart for the community development that had been shut down because.
The recession was what he said.
When we -- in -- started community that builds confidence because the the buying public sees -- they say all right.
They're they're obviously -- him the money to restart community or multiple communities.
You know they must see something good and and I think that's important because I think as as a leader.
In the industry certainly here in Chicago as well.
You know that's important -- send that message the public and we help educate them that -- between today's low interest rates and the record low housing prices.
There is no better time to buy a new home.
Not a good time necessarily apply home builder stocks today however they are trying to head down on the -- play those stocks about an incredible run.
It's amazing to me these days how fast they put up by house this guy with the nail gun Natalia.
It goes a hundred miles an hour.
Remember when a guy -- to have to get a hammer and you know just swing a hammer and build a house that -- fourteen weeks this is all take to build this house.
Good news right now.
-- Think I need and sometimes.
How great --
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