The deterioration in the national housing market continues, as reported today by Bloomberg: Sales of previously owned homes in the U.S. fell in July for a fifth consecutive month, adding to the inventory of unsold properties and showing the housing slump that triggered a collapse in credit markets will drag on……slowest pace since November 2002. […]
Continue reading Bloomberg: Existing Home Sales At Slowest Pace in Five Years
It’s not a great time to be a builder of homes, Bloomberg reports today: Builders in the U.S. started work on the fewest homes in a decade in July as the industry showed no sign of recovering from the 18-month recession.The greater-than-forecast 6.1 percent decrease to an annual rate of 1.381 million, followed a 1.47 million pace […]
Continue reading Bloomberg: “U.S. Housing Starts Dropped in July to 10-Year Low”
The Associated Press reports today that the national housing market continues to pull back… Sales of existing homes fell for a fourth straight month in June and even a small increase in home prices was not enough to lift the gloom surrounding the housing industry. The National Association of Realtors reported that sales of existing […]
Continue reading Existing Home Sales Drop for Fourth Straight Month