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By: Dennis Norman Dennis Norman The new home market continue to shows some life coming back to it which should be encouraging news to investors. This morning the U.S. Department of Commerce released a report showing the sale of New Homes in June were at a seasonally adjusted annual rate of 384,000, an 11% increase from May. While [...] Today the U.S. Department of Commerce reported new home starts for March were down 10.8% from February and down 48.4% from a year ago. By: Dennis Norman This morning I received a press release from Move, Inc., the company that operates Realtor.Com for the National Association of REALTORS(R), with a headline that read “One in Five Americans Plan to Buy a Home Despite Economic Conditions.” After all the bad news about housing I have seen I was elated to see [...] By: Dennis Norman
Today the US Department of Commerce released a report on new residential construction for November 2008. Like so many real estate-related reports we are seeing today it was not pretty. The report, a joint release of the US Census Bureau and the US Department of Housing and Urban Development says building permits for [...] |
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