
Hulk See Red! Sales Go Down!
Hulk just read numbers! New home sales DOWN! Way down! Like puny humans after Hulk gets angry. Census people say sales dropped 13.7% in May. That a BIG number! Even Hulk knows that. Hulk think what Banner would say? Probably something about 'seasonally adjusted annualized basis'. Hulk say: Hulk SMASH basis! Sales still down! And 6.3% LOWER than last year! What is this? A gamma irradiated recession?
Mortgage Rates Make Hulk ANGRY!
These mortgage rates! They make Hulk want to SMASH! They keep going up and down like Loki's lies! One minute 6.83% next minute 7%! Make up your tiny minds! No wonder puny humans not buying houses. They need money for GAS! And GROCERIES! And Hulk needs money for... well Hulk just SMASH. But even Hulk understands that high rates mean no one can afford new home. It's like trying to lift Thor's hammer! IMPOSSIBLE!
Wall Street…Hulk Not Impressed
Wall Street think they know everything. They thought 695,000 homes would sell. HA! Wall Street dumber than Abomination after Hulk's beatdown. They should ask Hulk! Hulk knows people not happy. Hulk sees their faces. They frown more than Banner when he trying to do science. This based on signed papers! But people not signing. They walking away! Hulk understands. Even Hulk would walk away from these prices.
Builders Feel the Hulk's PAIN! (Almost)
Even home builders cry! Lennar guy Stuart Miller whining about 'challenging macro economy.' Says people not buying because of rates and 'uncertainties'. Hulk knows about uncertainties. Like when Hulk wake up will Hulk be wearing pants? But Lennar lower prices! Good! Maybe they finally understand Hulk's simple economics: Make affordable people buy! KB Home they RAISE prices? They want Hulk to come over there and explain things? Hulk is very persuasive!
Pricey Pads: Hulk Think It Highway Robbery!
$426,600 for a new home? What is this Malibu mansion? No wonder people are scared. That more than Hulk spends on replacement pants in a year! And prices still go up 3%? It's like trying to fight Thanos without the Infinity Gauntlet: you're gonna lose money AND get SMASHED!
Too Many Houses! Hulk Say They Get Lonely!
507,000 new homes sitting empty! That a LOT of houses! That a 9.8 month supply! These houses need families! Need noise! Need... well maybe not Hulk smashing. But something! Supply this high not seen since 2009! Back when Hulk was really REALLY angry all the time. This not good sign! Builders need to sell these things before Hulk gets bored and starts offering 'discounts' with his fists!
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