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Housing Starts Up this Week.

Housing starts, rose 3.9 percent to a seasonally adjusted annual rate of 555,000 units, slightly more than expected, but permits for new housing disappointed, slipped 4 percent, the Commerce Department reported Thursday. The drop in permits led to a 1.5 year low.

I think the housing market needs a shortage of homes in order to recover (Econ 101: Supply vs Demand), and with homebuilders coming back to the market with new homes, that recovery will never happen.  The country needs housing starts to be less than 300,000 units.


December 19, 2010 - Posted by | Uncategorized |

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