By Ziad Abdelnour
We must be running out of houses I guess. We need more houses built ASAP, before this becomes a crisis. The problem with this storyline for dummies? Existing home sales are falling. If there is an inventory shortage, why have new home sales fallen every month since May of 2012? Does this happen when you have a strong housing market? Do you believe the NAR inventory figure of 1.74 million homes for sale? The last time the months of supply was this low was early 2005 – during the good old days.
Let’s examine a few facts to determine the true nature of this shocking inventory shortage crap.
Ziad K. Abdelnour is President & CEO of Blackhawk Partners, Inc. , http://blackhawkpartners.com/ , Founder & President of the Financial Policy Council http://www.financialpolicycouncil.org/ and Author of Economic Warfare: Secrets of Wealth Creation in the Age of Welfare Politics http://www.amazon.com/Secrets-Economic-Warfare-Creating-Regulation/dp/1118150120/ref=sr_1_2?ie=UTF8&qid=1311437307&sr=8-2