Today in a report from the Commerce Department it was shown that construction of new homes and apartments fell 16.8 percent in January from the previous month, to a seasonally adjusted annual rate of 466,000 units, a record low.
Applications for building permits, a barometer of future activity, also sank to a record low pace in January. Permits were down 4.8 percent from the prior month. San Diego real estate agent
Related posts by other bloggers:
Deep, dark hole for new home construction | csmonitor.com
– US housing starts fell below 500000 for the first time in 50 years of recordkeeping.
Below The Beltway » Blog Archive » The Babe Settles In To His New Home
– The Babe Settles In To His New Home. by Doug Mataconis @ 6:15 am on February 26, 2009. Babe Ruth Monument Yankees Baseball. With opening day approaching, the final touches are being put on the new Yankee Stadium: …
Anderson Cooper 360: Blog Archive – Financial Dispatch: Jobless …
– New home sales fell 10% in January, sinking to the lowest level on record. Sales of newly constructed homes fell to a seasonally adjusted annual rate of 309000 in January from a revised 344000 in December. That’s the lowest level since …
There was so much speculation in the San Diego real estate market, what we’re seeing now seemed inevitable.
Houston attorneys
It seems that SD real estate follows about a 10 year boom to bust cycle; perhaps it takes 10 years for people to forget the last bust.
San Diego lasik surgery
It seems the speculators had bailed out of San Diego real-estate and are now into commodities.
San Diego bail bonds