The Keystone Speculator’s HOUSING MARKETPLACE Indicator signals the beginning of a real estate recession. 7 years and 5 weeks ago, on 2/16/12, Keystone called the housing market recovery. The homebuilders had gapped lower and housing marketplace doom and gloom was rampant. Many believed the housing market would recover following the 2008-2009 financial crisis ever. Before the dawn Of course it is always darkest. Traders thought Keystone was smokin’ something with such a bold call back then but that is exactly what his proprietary data showed. In a few brief weeks, the XHB homebuilder ETF acquired recovered and analysts were beginning to step aboard Keystone’s housing marketplace bandwagon as it rode through town.
The housing recession now starts, on 7/17/19, after a long 7-year-plus recovery. The only caveat would be to watch the casing data over another two months for confirmation, or simply non-confirmation (confirmation of the reversal of the craze would be likely to keep). In early 2012, when the indication flipped bullish, indicating the casing recovery had started, that change occurred on the dime and the indicator never appeared back again, so the same may occur as the housing recession now begins.
A jog move of a couple of more in a few months with the info would not be unexpected, however the writing is on the wall structure. If the housing permits Even, begins and other data would catapult higher in earnest, it’ll likely not be enough to invert Keystone’s indicator. For instance, the next release of Housing …
