Ian Shepherdson Quotes
A serious downturn in housing activity will have to wait until there is a meaningful increase in mortgage rates... For that, we have to wait until payrolls take off and the Fed signals tighter policy. 
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Downturn | Housing | Activity | Wait | Meaningful |
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If we had any faith in the reliability of these numbers, we'd have to call them disappointing... But we don't, so we won't.
- Ian Shepherdson
There's no question that these numbers have been persistently disappointing in recent weeks... It's not that layoffs are accelerating again -- we think the underlying trend [of claims] is stable at about 390,000 -- it is that we expected clearer signs of an outright decline [in the number of claims].
- Ian Shepherdson