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Thanks flying home builder -- is -- and to weigh in about roughly seven year high.
They NA -- that national association of homebuilders survey marking the first time that housing market index has been about fifty -- April 06 we will take it and Jeff Flock is reporting today from the suburbs of Chicago with some of the new -- -- Jeff.
Actually brought me in Chicago this is the Bridgeport neighborhood Connell and maybe you see this is a city back -- behind us this is one of those neighborhoods that you know started take off after the recession by the way at US cellular field out there -- with a White Sox play.
But started to take off.
Before the recession then kind of died.
And now Jeff -- back in a big way this indicates real strength for you and stays housing numbers off -- yeah we're seeing a real solid market.
Let's put the home builder stocks were quick if we take a look at that did didn't some lack of appreciation lately in the short term but you feel real good about what you -- We the majority the buyers of the prospects were seeing in the in the -- what is our real buyers looking to buy now.
Just a you're not seeing evidence of a -- -- at this point I mean you know we will look at these numbers today and these are through the roof these these.
These index numbers -- through -- Get ready everything's relative and you know when you look at the old days for the recession and huge throngs of traffic -- -- -- -- a lot of that was tire kickers and dreamers and right now you're seeing real buyers who are truly a market their lives are changing -- the point where they wanted to change and that's that's were saying and digging McConnell Jeff is also saying that what he sees as we -- was this deck construction announcing it right here right now.
He sees now people putting their house he's to be beaten put your hat there house on the -- that they they put their house on a market didn't buy.
Until they actually sold their house now they're actually.
Go ahead and and buying something else before they sell that dinner at the recession those who actually bought it they didn't actually -- -- -- -- -- actually closed and they're -- and most is sold and -- they knew they had it in in the bank.
Today we're seeing more typical.
Buying cycle like -- see -- a buyer would find a new home they want but dollar deposit go to contract and then.
Ready their batteries don't put on the market and it's not like a normal market where quickly before we get away I just want to show you this.
Bridgeport neighborhood you may have heard -- that it's a home to the dailies both mayors -- grew up.
And lived here a lot of working class cottages that you see down there but now.
Go one back up scale again and it's nice to see gentrification in neighborhoods where.
You know it faded during that recession we're starting to see signs of that again in the major cities around the country guys.
Back all right Jeff is always up real world Jeff Flock thank you very much --
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