Well, it seems as if there is somewhat of a mild housing boom going on here in the United States. Many people noticed that homes were selling fairly well as credit had loosened a little bit in October, November, and December of 2012. The uptick wasn’t extreme, but it was a nice change to see growth in the sector, especially considering how many construction jobs that would represent. From January 2013 all the way back to March of 2012 home builders said they had a positive confidence level in the future of their industry.In many places such as in Houston Texas homebuilding was up in the late-fourth quarter of 2012 into January of 2013 by 30 to 40%. Unfortunately in February of 2013 confidence in the industry amongst homebuilders slid backwards. Why is this you ask? Home sales dropped off a little bit, and a slight uptick in home values and prices of homes being sold looked to go stagnated. Why you ask? Well, I have my theories but I think it has to do with the ObamaCare tax of 3.8% on real estate sold, as that increased tax had a wholesale price influence, therefore it gave the market a false reading.Further, there is a lot of hidden inventory on the market where banks have not foreclosed on various properties because quite frankly they could not afford to take the hit, and many people who wanted to sell their home between 2008 and now had put them onto the market. Was this a one-shot wonder, or will home prices continue to increase as there is so much pent-up demand? That’s hard to say, but it seems as if in 2013 we should expect stabilization, and that would mean there won’t be a huge killing to be made by homebuilders.In many regards this is too bad because we need the construction jobs right about now, and the housing and construction industry has a huge supply chain that would also help put people to work. Both Home Depot and Lowe’s have announced huge hiring sprees between now and mid-2013. The question is will all those jobs come to fruition, or did the market just give us a giant fake out, and we hit yet another plateau where all that additional inventory on the market will have to be sold first before we see any real gains in new home construction?It is interesting, as I look around my own city and see there is lots of construction going on, no, not at the level between 2005 and 2007, but an astonishing level considering the lull in the market we’ve had for so many years. There’s a good chance that the home construction industry will recover in a diverse way based on region almost in a similar way to how it collapsed, that is to say where some regions do well and others do not. Indeed I hope you will please consider all this and if you’d like to talk about it at a much higher level shoot me an e-mail.