MarketFoolery: 07.18.2012
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 18 July 2012
⏱️ 18 minutes
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Summary
Housing starts rise to their highest level in four years. Intel and Bank of America report earnings.
Transcript
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| 0:00.0 | It's Wednesday, July 18th. |
| 0:04.0 | Welcome to the market foolery. |
| 0:05.0 | I'm Chris Hill and joining me in studio today for Motley Fool options, Jim Gillies, and for |
| 0:09.9 | Motley Cool Inside Value, Joe Meger. |
| 0:12.2 | Canada Week continues with Jim Gillies. |
| 0:14.0 | Hooray! |
| 0:15.0 | All Gillies all week people. |
| 0:17.0 | Guys, we have got earnings from Bank of America and Intel, |
| 0:21.0 | but something we normally kick off Motley Full Money Radio Show with, we're |
| 0:25.5 | going to start with the big macro, and that's housing. Housing starts in June rose nearly 7%. |
| 0:32.1 | It's the highest in four years. And I was saying Jim right before we started |
| 0:37.3 | taping, if you started out the year betting on a housing comeback and bought the likes of Toll Brothers, D.R. Horton, |
| 0:44.8 | KB Homes, you're doing pretty well because all three of those stocks are up around 50% year |
| 0:49.7 | to date. How big a deal is this housing information? You know the headline on USA Today, |
| 0:56.0 | highest in four years? That's a newspaper we have in America. |
| 0:59.0 | Yeah, exactly. I heard. I've seen that even. |
| 1:01.0 | How big a deal is this? I think it's a good start. I've been hearing |
| 1:07.0 | and reading articles on the recovery of the housing market since pretty much middle of |
| 1:11.8 | 2008 so when the when the bubble really started bursting. |
| 1:15.0 | There's a certain, you know, a certain amount of, well, they've finally been right. |
| 1:22.0 | I think what the seasonally adjusted rate of housing starts has been just over half a million for a while and I've read a number of stats. |
| 1:29.0 | It says, you know, basically you need about 1 million to keep up with housing new home new household |
... |
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