Housing-starts
Housing market is barely breathing
12.16.08- The housing market is barely breathing. According to Marketwatch.com, housing starts plunged 47% in the past year, down 73% from the housing bubble’s frothiest days. And building permits plummeted 48% in the past year, off 72% from the peak of real estate lunacy. There’s still a glut of unsold McMansions, and foreclosures are rising. [...]
The State of Housing- by Greg Strid
Housing starts clocked in at an annual rate of
1.474 million in May, down from 1.506 million
in April. And, this compares to a rate of 2.292
million at the peak of the construction boom in
January of 2006. That equates to a drop of 36%.
But, many in the investment community still
cling to the belief that the worst news [...]
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