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builders: Housing starts down a bad thing? - 01/22/09 12:00 PM
During Nov and Dec of last year, national housing starts dropped below 180,000 units. The average over the past seven years, beginning in 2002, has been 223,000 units. Be prepared for this to be the new normal level for quite some time, at least through 2010. In fact, it may well turn out that 180,000 units would be more than acceptable given what is transpiring in the overall economy.
{People stopped shopping for (new) real estate and started worrying about their finances in the fourth quarter of last year. This change in thinking was initiated by September's nosedive in stock market values. … (2 comments)

 

Robert Morrow

Hamilton, ON

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Blog by Hamilton Home Review's editor, Robert J. Morrow, a licensed Realtor with Chase Realty Inc., in Ancaster, ON, Canada.


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