Is This The Bottom For New Housing Starts
Calculated Risk speculates on the latest data concerning housing starts across the country. The data showed some improvement for the month of February. He’s looking for a bottom in housing starts in ’09. Perhaps the biggest problem is still the overhang of supply of new construction homes.
The National Association of Home Builders confidence levels didn’t fall any further in the latest reading published March 16, 2009. I guess that’s not hard to do since their confidence level could be considered as just slightly higher than zero.
Categories: New Construction, New Home Sales, Twin Cities Real Estate
