The average home heating bill for winter 2006 was up 50% from the previous year. The upside of high energy prices is a surge in investment in the energy sector…probably a good place to put stock allotted moneys for the next year.
Consumer spending will ease with mortgage rates increasing. Fewer home owners will be willing to tap into their home’s equity for cash. Expect to see built-in escalation clauses in new construction contracts as costs of cement, gypsum, plastic pipe are being driven by damage to Gulf Coast oil refineries. From late 2005 til 2007, over 60% of all homebuyers in the US will be minorities.
Consumer spending will ease with mortgage rates increasing. Fewer home owners will be willing to tap into their home’s equity for cash. Expect to see built-in escalation clauses in new construction contracts as costs of cement, gypsum, plastic pipe are being driven by damage to Gulf Coast oil refineries. From late 2005 til 2007, over 60% of all homebuyers in the US will be minorities.
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