Ian Shepherdson Quotes
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Expects | Basis | Point | Hike | Begs |
Output will not immediately accelerate to the pace suggested by the orders numbers ... because companies are still aggressively running down inventory.
- Ian Shepherdson
The key number in this report, in our view, is the rise in the supply of homes for sale. There are now 14.4 percent more homes for sale than a year ago, while actual sales are up just 3.3 percent. With mortgage demand slipping a bit and supply rising, price gains cannot continue at their current pace.
- Ian Shepherdson
