Posts about Home Supply as of October 1, 2009

Let me start by saying that RTA or Ready-To-Assemble Cabinets have been sold for quite a while, but because of manufacturing improvements over the past couple of years, there are now more and more companies creating and selling ready-to-assemble kitchen and bathroom cabinets (hereinafter referred to as RTA), with higher quality standards. To tell the truth, the kitchen is one of the most expensive rooms in a house to build or refurbish.

The mortgage market resumed its winning streak last week after a 1-week hiatus.  Markets rallied into the weekend and mortgage rates eased lower overall. It’s the third week out of four that rates improved and, ironically, rates may have dropped last week because traders were watching the wrong metrics.  With respect to housing, analysts found August’s Existing Home Sales and New Homes Sales reports disappointing.  Both posted weaker-than-expected sales volume, sparking a stock market sell-off that led bond markets higher.