Housing uptick..... (credit, home builders, buyer)

[bababua]

Oops we made a mistake.

The 0.5 percent rise in overall construction in September followed a 1 percent drop in August that was revised down from an initial estimate of a 1.5 percent gain.
Construction of single-family homes rose 3.9 percent last month to an annual rate of 501,000 units, reversing a 4.7 percent drop in August. Multifamily construction, a much smaller and more volatile segment, posted a 15.2 percent drop following a 20.7 percent rise in August.
Construction rose 7.1 percent in the South, but all other regions showed weakness. Building activity fell 5.5 percent in the Northeast, 1.8 percent in the Midwest and 8.8 percent in the West.
An index from the National Association Home Builders that measures builder confidence slipped slightly in October to a reading of 18, from 19 in September. Builders blamed the slippage on the approaching expiration of the home buyer tax credit


How many times is this going to happen. I mean we all love when Moorestown calls silly bottoms. Then he post all the "positive" news and then hides for months on end when reality hits.