Housing Starts Decreased in May 2.1 Percent, Down 24 Percent Year over Year
June 19th, 2007 • Related • Filed Under
Housing starts off in May, and down 24 percent year over year. To me this is good news as builders are slowing the inventory on the market and allowing things to settle down.
Starts decreased 2.1% to a seasonally adjusted 1.474 million annual rate, after rising by 1.0% in April to 1.506 million, the Commerce Department said Tuesday. Originally, April starts were seen increasing by 2.5% to 1.528 million.
The median estimate of 25 economists surveyed by Dow Jones Newswires was a 3.5% drop to a 1.474 million annual rate. The decline was the first since starts plunged 14% in January. Starts, year-to-year, were 24% lower than the level in May 2006. via the WSJ.com.
My wife has actually decided to study for and get her real eatate licence just so we dont ever have ...
I like your analogy in this article. The real estate economy really is like a patient who you cannot ...
Real Estate is hyper-local. Every market is different. Phoenix has already hit bottom and is starting to recover. We have ...
Great to hear that the big boys
are predicting recovery sooner than
most think.
Thanks for the value! 
I agree--good analogy. You have to crawl before you can walk. Right now, at least in Austin, many people would ...
I live in the Philippines and I am glad we are not on the lists... 
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