LL Flooring Revision: Back From The GraveBuilding your new home is exciting, especially when you understand how the process works. It’s understandable that buyers are excited to see their new home built from start to finish says Chip Perschino, senior vice president of construction at Edward Andrew Homes.
“Our homeowners enjoy watching the home come together, from pouring the foundation to framing and watching the home take shape,” he says. “Once the home has drywall, they start to visualize themselves living in the space and how they’ll use it — imagining what furniture goes where and how they’ll entertain friends and family there.
XRE
XRE gonna hurt a lot of folks!We are busting that trendline to the downside. VPOC on the weekly is at the top. We are now below the monthly VPOC. The amount of bagholding on this is going to be almost incomprehensiible.
www.shuswaphomes.com
Housing - Bubble PopIdea for Housing/REITs (VNQ):
- The Housing Market will crash. I am short REITs.
- Lumber rose 400% in a year during a global crisis and then dropped 50% in a month... This is not a correction, but a bubble pop.
- China reining in commodity prices. They announce that they will soon release state stockpiles of metals:
www.bloomberg.com
- State firms ordered to curb overseas commodities exposure.
- Fed continues MBS purchasing with QE, despite RRP skyrocketing. Why? The MBS and Housing bubble is critical, and it is ready to collapse.
- Homebuyer sentiment drops to 10 year low:
finance.yahoo.com
- Homebuilder sentiment declines to reach a 10 month low (NAHB):
news.yahoo.com
- Housing prices being speculated such that locals are priced out of the market. Institutional investors and State-backed institutions buy up neighborhoods as they seek yield in an overheated global market.
- The Credit Cycle has turned down, and the liquidity flows have been shut off. Institutions can no longer bid up their own assets.
- As commodities prices crash, it will become cheaper to build a house than to buy one off the market, leading to increasing supply and decreasing demand.
- When housing no longer provides yield, institutions will dump their assets onto the market and prices will crater.
- MBS's and Lumber leading the crash, the REITs will soon get the hint.
GLHF
- DPT
Open - XRE Long Put (S3)Trade for XRE:
- Speculative trade.
- Long put 16 strike Dec 17 2021 for 0.30 debit.
GLHF
- DPT
Technical Tuesday - Canadian REITsTechnical Tuesday:
Technical reasons to be short Canadian REITs (XRE):
Mid Term (Trend):
- Median Line with 80% chance to return to median line, once re-enters channel (Andrews)
- Rising Wedge
Short Term (Trade):
- Exhaustion Gap (x2)
- Double Top
- Dark Cloud Cover
Speculated movement within John Hill-Gann.
Elliot Wave Projection forecasted.
GLHF
- DPT
Canadian real estate is finished#Canadian real estate is finished.
The top is in for Canadian real estate as it has tested the top of 2007 multiple times and now is in a decline.
#Canada #debt
Real estate ETF MonthlySeems like the RSI showed divergence in fall of 2017, Toronto peaked in Summer 2017. $EWC $XHB $XRE
real estate turning down Wmaking a strong bearish candle on the weekly. just need some more volume $XRE $XHB
