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Housing Has Bottomed – Or Maybe Not

Friday, April 27, 2012, 6:13 PM
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I am working extra hard to stay ahead of the spin in my attempts to separate the facts from the fiction that now permeate the news cycles.

We’ve recently talked about the all-in effort to convince us that Peak Oil has been debunked, which is an effort that is principally concentrated in the US and UK press. I’ll have more on that in future reports.

Recently there have been a bevy of articles in a variety of news outlets trumpeting the recent new home sales numbers from home builders as indicative that the long-awaited housing bottom has finally arrived. My view is that it is too soon to make that call.

Here's a recent example:

 

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