How Healthy Is Housing ?

I keep looking over the EHS data from Friday, and its clear that something isn’t right. I haven’t put my finger on it yet, but I will eventually figure it out. Tomorrow, I plan on going into greater detail.

Here is what I see this evening:

1) Seasonality effects are being ignored by everyone;

2) The Condo market seems to be growing much faster than single family homes;

3) Foreclosures are still ramping up, and have yet to peak;

4) Many people are now convinced that the worst of Housing is behind us, and that we are seeing true improvements;

5) An awful lot of government effort is going into “Saving” housing.

I believe all of these factors are significant.

I don’t believe they are reflected in the mainstream’s viewpoint about “The” Housing recovery . . .

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