Quick Note On NAHB HMI
Certain anonymous bloggers have made odd allegations about the quality content of our recent piece The End Of The End Of The Recession (which for some odd reason has been lumped into the category of a "housing analysis"). It would behoove said blogger to realize there are numerous other components to a holistic report (and the economy) than merely housing (i.e., consumer, business, manufacturing and industry, and many, many more).
It is of course ironic that a blogger should note that "it helps to know your sources" when said blogger is also anonymous. But we are above such petty jabs and in fact are in full agreement with the statement. Which is why as pertains to a specific critique on the NAHB HMI we would like to source the reference:
Indeed - know your sources: Rosie is about as pristine as they come, and we certainly recommend readers choose his opinion over that of any anonymous blogger (inclulding Zero Hedge) any day.
As for charts, we would like to return the favor, and say that when creating pretty representation of data we are merely dilettantes. When one sees gorgeous charts on housing, what can one say, but "Calculated Risk."
As for us, we are content with mediocre data presentation. A much more relevant goal for us is to present the (ugly) data to the general public. Whether it is housing-related or otherwise.