BusinessWeek Online - The housing market may be loosening up a bit, but the consumer mood is the darkest it has been since the Carter Administration, according to two economic reports released May 16.
U.S. housing starts rebounded 8.2%, to a 1.032 million-unit annual pace in April, from a revised 0.954 million rate in March (from […]
The Economy: Housing Hope, Consumer Gloom
May 19th, 2008 · Permalink
Housing starts decline, but top estimates - CNNMoney.com
March 18th, 2008 · Permalink
NEW YORK (CNNMoney.com) — Initial construction of U.S. homes was higher than expected last month, although down from the prior month as single-family housing starts reached a 17-year low.
Privately owned housing starts fell to a seasonally adjusted 1,065,000 annual rate in February, according to the Census Bureau report released Tuesday. The rate was down 0.6% […]
There’s Blood On The Desert
February 26th, 2008 · Permalink
The Rocky Mountain News reports from Colorado. “New home construction in the Denver area last year fell to its lowest level in 16 years, as builders cranked down on construction because of a sluggish and overbuilt market. Permits for single-family homes dropped 34 percent to 10,986 in 2007, down from 16,263 in 2006, the Home […]
Too Much Supply, Not Enough Demand In Florida
February 26th, 2008 · Permalink
The Miami Herald reports from Florida. “Home prices in South Florida sank by double-digit percentages in January, posting some of the steepest declines since the housing market slowdown began more than a year ago. The number of single-family homes sold fell 48 percent in Miami-Dade, while the number of homes listed on the market increased […]
Mass. Housing Market Declines Again In January (WBZ Boston)
February 26th, 2008 · Permalink
The slump in Massachusetts’ housing market deepened in January. Reports from two organizations show a 28 percent decline in sales of single-family homes last month, compared with the same month a year earlier.
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It’s Not Surprising Prices Are Declining
February 25th, 2008 · Permalink
Some housing bubble news from Wall Street and Washington. CNN Money, “The new year picked up where 2007 left off, as sales of existing homes fell in January to the lowest level in nearly a decade, according to the National Association of Realtors. The reading was the lowest since the group began reporting annual sales […]
There Will Be Blood In California
February 25th, 2008 · Permalink
The Used House Salespeople report from California. “Home sales decreased 29.8 percent in January in California compared with the same period a year ago, while the median price of an existing home fell 21.9 percent, C.A.R. reported today. ‘The slight increase in sales predates the president’s signing of an economic stimulus package including a temporary […]
Incredible Pent-Up Demand Is Still Sitting On The Fence
February 21st, 2008 · Permalink
The Santa Cruz Sentinel reports from California. “The median price for a single-family home in Santa Cruz County dropped to $599,000 in January, down 18 percent since December and a level not seen since 2004. Only 63 sales closed escrow, a new low, the previous was 107 in 2006. More than 170 local homeowners have […]
