Southern Apartment REIT Filling Up Thanks To Crummy Housing Market

By Qineqt:Multifamily apartment REITs have seen strong price appreciation and growth in their earnings during the financial crisis. The crisis forced hundreds and thousands of single-family homes to turn into rented homes as families from these homes moved into apartment buildings. Among the U.S. apartment REITs, United Dominion Realty (UDR) is one REIT that has benefited from this crisis.

Submitted by Charles Hugh-Smith via Peak Prosperity, What could go wrong with the housing 'recovery' in 2013? To answer this question, we need to understand that housing is the key component in household wealth. And, that Central Planning policies are aimed at creating a resurgent “wealth effect,” as follows: When people perceive their wealth as rising, they tend to borrow and spend more freely. This is a major goal of U.S. Central Planning.

People are scrambling to learn more about Stephen Poloz’s take on the economy and monetary policy to predict how the Bank of Canada’s newly appointed governor will lead the country’s central bank.

TORONTO — It’s looking like an unsettling spring in Canadian housing, a market that has proven far more even-keeled and less scary for investors in recent years than in the United States. In what is traditionally the best season of the year for real estate agents, Toronto agent Ecko Jay says the industry is seeing far fewer buyers, a result of tighter lending rules, high prices and fear of a bubble. In Toronto alone, sales dropped 40% in the first quarter from a year earlier, making homeowners and investors jumpy.

SA Editor Mohit Manghnani submits:Preferred Apartment Communities (APTS), a REIT, priced its IPO on March 31st, 2011 within the expected range at $10 per share. Business Overview (from prospectus)

Chad Brand submits: After reading my housing starts post from yesterday, Hovnanian Enterprises (

Toronto-Dominion Bank has just come off one of its most profitable years ever. Its shares have nearly regained the ground they lost in the financial crisis and the country’s second-biggest bank is riding high on the Canadian consumer’s apparently insatiable appetite for debt. But how much longer can it go on? TD chief executive Ed Clark recently sat down with Financial Post reporter John Greenwood to talk about the shaky state of household finances, the frothy housing market and what it all means for the banking sector.