Bad news for new home construction today

By
Real Estate Agent with RE/MAX Affiliates

Over the last 50 years, only one other single month fared as badly as February did for new home starts.  The seasonally adjusted number of 479,000 was a 22.5% fall from last month.  The total was only higher than April of '09.

Again, these numbers represent the backlog of distressed properties on the market and the unwillingness of new buyers to enter the market for fear of further pricing declines.

Posted by

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Nick Dailey (CDPE) - Short Sale & Investment Specialist - Northern Kentucky & Greater Cincinnati

Helping families in Northern Kentucky avoid foreclosure.  Northern Kentucky MLS listings of homes for sale.  

Website: www.NickDailey.com

Mobile Site: nickd.m.remax-ohio.com

 

View Nick Dailey's profile on LinkedIn

 

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Nick Dailey

RE/MAX: Northern Kentucky Real Estate - NKY MLS - Short Sale
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