That’s a great summary. Goes to show how national the bubble is. I’d love to see these graphs for the northeast. I imagine they’d be even more dramatic.
this must be some of the data that greenspan was refering to showing the ‘leveling off’… to a certain extent (ignoring inventories and compared to 2000 levels)…that is what is happening.
i assume as winter comes around..and perhaps spring ’07..it’ll get uglier.
Interesting that supply of homes is calculated using current pace of sales, which is still higher than in 2000. If the pace were to drop to typical levels (need based) the supply of homes figure would skyrocket.
Rachel Says:
October 9th, 2006 at 10:29 am
Grim–where did you find that chart in the wsj? I can’t seem to locate it using the search feature for my online subscription.
It is an extention of the Heard On the Street column. In print, it is on the back page of the Money & Investing Section
That’s a great summary. Goes to show how national the bubble is. I’d love to see these graphs for the northeast. I imagine they’d be even more dramatic.
Grim–where did you find that chart in the wsj? I can’t seem to locate it using the search feature for my online subscription.
this must be some of the data that greenspan was refering to showing the ‘leveling off’… to a certain extent (ignoring inventories and compared to 2000 levels)…that is what is happening.
i assume as winter comes around..and perhaps spring ’07..it’ll get uglier.
i’d like to see the charts on the last boom late 80’s to compare. would be interesting
i think national did level off but nj took a dive
Interesting that supply of homes is calculated using current pace of sales, which is still higher than in 2000. If the pace were to drop to typical levels (need based) the supply of homes figure would skyrocket.
Rachel Says:
October 9th, 2006 at 10:29 am
Grim–where did you find that chart in the wsj? I can’t seem to locate it using the search feature for my online subscription.
It is an extention of the Heard On the Street column. In print, it is on the back page of the Money & Investing Section
Thanks! I got it. Since it was in PDF, I couldn’t search on it by keywords.
Sorry if previously posted:
FDIC: New Jersey State Profile – Fall 2006
http://www.fdic.gov/bank/analytical/stateprofile/NewYork/NJ/NJ.xml.html
The FDIC job growth graph really is a gem. It’s surprising how little job growth North Jersey has seen post dot com crash..
jb