This is the problem with housing

Inventory of new homes is still close to record levels around  9 month supply (click on the chart to enlarge it).

The expansion will be on a sound footing when this inventory declines below 6 month supply.

It will take time and patience.

Meanwhile, the Fed will keep pumping money into the system to keep things from collapsing.

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked best market timer in the 12 and 6 months ending 8/20/10 by Timer Digest

To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.

Disclaimer.The content on this site is provided as general information only and should not be taken as investment advice nor is it a recommendation to buy or sell any financial instrument. Actions you undertake as a consequence of any analysis, opinion or advertisement on this site are your sole responsibility.