New Home Construction Hits record Low
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 …
Comments are closed.
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