What if the housing market has already recovered? What if today’s sluggish market is the rate at which homes will be sold for ten years or longer? Could it be that the sales levels of the past decade were just an anomaly fueled by loose lending restrictions and the attraction to phantom “investment” opportunities? The bursting . . . → Read More: What if the Housing Market Has Already Recovered?
Sluggish Housing Starts Show Depth of Crisis
Housing starts rose 14.6 percent in June to the highest level since January, coming in at an annualized rate of 629,000. And while any improvement is better than none, the reality of the numbers demonstrates just how far new home construction has fallen since its peak in 2006.
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With almost 25 million unemployed or underemployed and with consumer confidence feeble at best, what’s the significance of predicting a housing bottom? Will it mean that home prices have stabilized and that the housing crisis and recession are over? Does calling a bottom mean those who have been “fence-sitting” will be rushing out to write . . . → Read More: What’s the Significance of Predicting a Housing Bottom?