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That's kept you going all right nickel metal ladies thank you very much we'll -- the top of the hour.
While Miller confidence is up for the third straight months now -- at its highest level in over seven years what is behind the rise.
And isn't only -- smooth sailing from -- -- bunny is now very Howard.
-- association of elders and and Jerry -- -- all four regions are higher I think you know that's the headline here you know we know cells are up.
We know prices are up at every region in the US -- showing very nice drink.
Is there any region of the country think is is under performing at this point.
Well the northeast always lags behind a little bit that's been the case since we started tracking -- years ago.
-- what do you in the northeast is up this month the west is always a little bit more exuberant and the rest of the country and so the west jumped by twelve points this month.
That's just the volatility out there.
All things considered you hit the nail right on the -- Cheryl this is a home run four housing.
All four regions are shown strength in all the categories we -- -- showing improvements to.
Don't look at it most of the -- there's -- stocks and they are trading.
Higher on the sick holt see Lennar told Brothers all of them are trading higher in all I ask you -- there was say they Wall Street Journal.
Blog -- as that was written back in June it was -- it up among voters like -- assumption that that these homebuilding companies that because they know that.
Existing home inventories are so tight right now supplies so tight that there's there's they're deliberately limits -- The amount of new homes available for purchase how do you respond to that assertion that the journal made well I don't know.
Already home -- it's deliberately limiting the availability of homes.
You have to remember no matter whether you're a large builder or small builder it takes time to give permission to build a house.
And nothing has really been built in numbers for the last four or five years it takes time for builders to get.
Get things moving.
So I don't think it's a deliberate effort on the part of anybody to constricted the amount of all of housing in the market.
Rather I think conditions have constricted the amount of housing in the market.
And I'm concerned that if the builders don't start building.
Much needed housing that the next bubble will come because of supply shortage that's not an issue right now.
But it goes to help me refute the assertion that the journal is making that builders would deliberately -- it doesn't make sense for them to do that I don't believe it.
OK okay figure responded that what about -- issue that's -- -- -- talked about before and that is the issue credit quality credit problems not just for.
Potential homebuyers but also for some of the smaller name builders.
Themselves Fannie and Freddie certainly on the on -- residential side could be a problem and then also.
How are the banks looking out regards the builders that the represent you and how are they dealing with the -- that you represent.
Well -- I'll tell you the banks are are caught between a rock and a hard place a lot of them don't know what the rules are going to be.
The regulations attendant to the Dodd-Frank legislation.
Haven't all been issued yet.
Others the Basel III agreement and international banking agreement that's floating out there the banks cannot lend in the volume that we need them to lend.
And in fact a lot of the smaller builders are starting to look up to private equity and private investment to get their acquisition development and construction loans.
And in terms of but in terms of the that they -- the focus on the -- the consumer side the mortgage side.
I'll right now I think part of the increase in demand for in house sales is because you start to see interest rates ticked off and so fence sitters are starting to jump into the market.
I -- Jerry Howard is always good to have you every month against three months in --
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