Taylor Wimpey Share Discussion Threads

[trendfloor] 02/6/2010 20:33

Yep Im sure you are right MK.

Always a good un when the Dow turns very positive with good news on housing aswell........could be even more like 10%.

[mknight] 02/6/2010 20:18

Should be in for a good 6-8 percent rise tomorrow .

[knowing] 02/6/2010 15:32

US Pending Home Sales Top Expectations In April
By Jeff Bater and Meena Thiruvengadam
Of DOW JONES NEWSWIRES

WASHINGTON (Dow Jones)

U.S. pending home sales rose in April beyond expectations as buyers signed contracts to collect a government tax credit.

The National Association of Realtors' index for pending sales of used homes increased by 6.0% to 110.9 in April, the industry group said Wednesday. The gain was the third in a row.

Economists surveyed by Dow Jones Newswires had expected pending home sales would climb in April by 5.0%. First-time home-buyers rushed to beat the April 30 deadline for the tax credit.

The incentive was an extension of a subsidy originally enacted in February 2009. Lawrence Yun, NAR's chief economist, said sales this spring seem as strong as those last fall, before the original expiration date.

"There were concerns that only a small pool of buyers were left to take advantage of the tax credit extension," he said. "But evidently the tax stimulus, combined with improved consumer confidence and low mortgage interest rates, are contributing to surging sales."

Year over year, the index was 22.4% above its level of 90.6 in April 2009.

March pending home sales were revised up, with the index rising 7.1% to 104.6. Originally, NAR said the gauge rose 5.3% to 102.9.

The NAR index is based on pending sales of existing homes, including single-family homes and condominiums. A home sale is pending when the contract has been signed but the transaction hasn't closed. Pending sales typically close within one or two months of signing.

Analysts have expressed fear the housing market will suffer with the end of the government subsidy. But the job market has been improving. The Labor Department is scheduled this week to release employment data for May, and economists surveyed by Dow Jones Newswires are expecting a gain of 515,000 non-farm payroll jobs.

In its monthly forecast on the industry, the NAR projected existing-home sales of 5.39 million this year and 5.66 million in 2011. That compares with 5.16 million in 2009.

"The housing market has to get back on its own feet and now appears to be in a good position to return to sustainable levels even without government stimulus, provided the economy continues to add jobs," Yun said.

Aside from low mortgage rates, historically low prices have helped sales, too. The median price for an existing home is estimated at $174,500 in 2010 and $180,400 in 2011. It was $172,500 in 2009.

By region, pending sales in the Northeast rose 29.5% in April and were 24.5% higher than a year earlier.

The Midwest increased 4.1% in April and were 17.9% higher than a year earlier.

Pending sales in the South fell 0.6% in April but were 31.3% above the level a year earlier.

The West rose 7.5% in April and were 12.0% higher than a year earlier.

[londonfinancial] 02/6/2010 15:14

Put an order in for a few , i think the market will turn up now , enough doom + gloom for the time being me thinks .

[2pearly] 02/6/2010 15:12

scars
I was being flippant about when the market dives we outdive it but when it stays the same or rises ol' TW doesn't want to know.

[the itch] 02/6/2010 15:11

That surge is all about trying to beat the deadline for a tax-break. It's nice, good news and all, but still not a true reflection of the state of their housing market.

[scars] 02/6/2010 15:10

I would agree with you pearly but the index was going nowhere!

[trendfloor] 02/6/2010 15:07

We always follow the Yanks so this is very bullish news just out.....

Pending Home Sales Surge Continuing
Washington, June 02, 2010

Pending home sales have risen for three consecutive months, reflecting the broad impact of the home buyer tax credit and favorable housing affordability conditions, according to the National Association of Realtors®.



The Pending Home Sales Index,* a forward-looking indicator, rose 6.0 percent to 110.9 based on contracts signed in April, from an upwardly revised 104.6 in March, and is 22.4 percent higher than April 2009 when it was 90.6. That follows gains of 7.1 percent in March and 8.3 percent in February.



Pending home sales are at the highest level since last October when the index reached 112.4 and first-time buyers were rushing to beat the initial deadline for the tax credit. The data reflects contracts and not closings, which usually occur with a lag time of one or two months

[2pearly] 02/6/2010 14:46

Same on the banks.TW is just an index tracker thesedays [unless the index goes up]

[scars] 02/6/2010 14:25

Why the dip, U.S. looks steady

[scars] 02/6/2010 10:33

dow futures turning back positive, could do with a power boost.

[sir brainy] 02/6/2010 09:57

Low risk, high return at my entry point 36p.

Should make +30% within weeks.

[tara7] 02/6/2010 09:53

Why are you in here when London prime is up 1.3% on the month and a huge 23% on the year.? [See knight Frank May house price report just out]

NTA is now selling on a site bought in 2006.

The super rich want out of paper money and into safe solid assets.

No mortgages required.

Builder can charge what he likes for his homes as no other new build around.

Margins here are at best 6% V 50% when your stock is going up at 23% a year.!!


Good luck here.

[sir brainy] 02/6/2010 09:51

Fighting back to resume the uptick to 46p

[master rsi] 02/6/2010 09:43

Should be good news for the Contruction ........

Mortgage lending increased by £0.5bn April

Mortgage loan approvals 49,871 April v 49,008 March

UK PMI Construction 58.5 May v 58.2 April

[sir brainy] 01/6/2010 16:33

Glad I sold @ 45p lol

[trendfloor] 01/6/2010 16:19

Cup and handle formation on the daily chart....very bullish TA pattern.

[scars] 01/6/2010 16:03

Expecting a big step up at some point, all the construction news seems to be very positive at the moment.

[bordersboy] 01/6/2010 15:48

Time this was back to 44p

[scars] 01/6/2010 15:06

turn your chart up the other way then.

[bordersboy] 01/6/2010 12:39

no cloud, was working out from the charts. Thats the approx support price. I certainly hope it starts going up hill.

[scars] 01/6/2010 12:32

good guess borders, which cloud did you pick that from?