Delaware Housing Starts Could Be Up 300% in 2011
Yep, you read that right — and I’m sure you read it here first — there will be 300% growth in housing starts in Delaware, Ohio’s housing market — well at least the Westfield Hills subdivision.
Amazing isn’t it! Of course that means that section-two of Westfield Hills will break-ground on six the lots — compared to two last year. Fun how we can make numbers look “good” based on the variables we select?
Very funny, Toby so what’s your point?
Listen to all the real estate pundits you want and they’ll all tell you the same thing — a positive spin on the market that pays their salary. Now don’t get me wrong, this is called public relations and it is expected.
Are they lying?
I honestly don’t believe they are lying; however they are looking at data that puts their industry in the best light. I got on this kick tonight after reading on Mortgage Reports that:
“This year’s spring selling season will be better than last year’s,” said NAHB Chief Economist David Crowe, with job growth providing a stronger stimulus in the housing market than last year’s federal homebuyer tax credit.
Crowe forecasted 575,000 single-family home starts in 2011, a 21% climb over an estimated 475,000 units started in 2010, which in turn showed a 7% gain from the 442,000 homes started in 2009. (NAHB: Housing Starts to Grow 21%, Kerry Curry, January 14, 2011.)
So who is David Crowe?
The NAHB is the National Association of Home Builders and he’s its chief economist. So what is he expected to project? Do you really think he’s going to say, “run, run, as fast as you can — the Mayans had it right its all over in 2012″?
So You Don’t Agree With Him?
Now I never said anything about agreeing or disagreeing with his comments. This post has nothing to do with believing — rather it has everything to do with wanting the reader to take a second and think about what does this person have to gain from this statement?
Recently, Keller Williams founder and chairperson of the board Gary Keller told a strong collection of agents that fourth-quarter was going to be a challenge, but that the market would turn around and be very strong in 2011. Is he right? Could be. But my bigger comment is simple — he’s the leader of the nation’s third-largest real estate company. What is he going to say?
Who Should We Believe?
This is why it is so important to find people in the real estate process that you trust. Make sure that you are certain that every person in the transaction is working for you and not their pocket book.
Real Estate is Local!
The key is to remember that every pundit is looking out for their best interest — and so are you! — which means you just have to decipher the clues and make sure it fits into your market and budget plans.
Just keep buying smart!