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Letter "M" » Mark Vitner Quotes
«When all is said and done, we should still have a fairly healthy level of new home sales this year -- probably up 4 to 5 percent for the year.»
«What happened in March, if you were thinking about buying a home this spring and you thought rates were going to rise, you may well have rushed into the market. The weather cooperated as well, making it easy for folks to get out and shop, particularly in the South.»
«The impact of stronger job growth more than overcomes the impact of higher mortgage rates. It doesn't mean we'll have a month like March every month. But home sales should remain strong even with mortgage rates about a percentage point above the low point.»
«When combined with the run-up in employee health-care costs, ... the inability to raise selling prices is the single most important reason that job growth has been lagging so much during this recovery.»
«The 10 million jobs may be realistic, but it may not be all that different from what we would see no matter what happens. We're looking for 3 million jobs to be created in 2004. Even if Kerry is elected, he'll have no bearing on the economy until 2006.»
«With so many folks sensing that interest rates were rising, we probably had some sales pulled from April into March,»
«Given that it's going to reach such an extended area and that it will be an unusually wet storm, damages are going to be a lot worse than $1 billion. So many homes, apartment buildings and shopping centers have been built in this part of the country that haven't been tested by a big storm. Now we're going to see just how good this construction has been.»
«We've had very little economic growth, virtually no job growth. The only way you'll get income growth is through wage increases or through tax cuts.»
«The debate about tax cuts shouldn't be whether they helped or not -- they clearly helped taxpayers. The debate should be whether we can afford them and whether they can lead to a sustained recovery in economy.»
«Coming on the heels of stronger reports on retail sales and durable-goods orders, as well as a sharp drop in first-time claims for unemployment, this ... drop in consumer confidence was a cold slap in the face to all of those economists, including ourselves, that are looking for a second-half rebound.»