Calculated Risk has an excellent post complete with pretty charts showing national housing starts along with the builders’ confidence levels which have collapsed.
We are much closer to a bottom than we have been in 3 years.
BTW, in Hennepin County, there are 36 brand new homes, townhomes, condos for sale in the MLS that are distress sales. It does seem like the builders here in the Twin Cities have worked very hard to get their inventory down so that they aren’t in a distress sale situation. If you’d like the list, send me an e-mail.
