Mixed Signals in the New Home Market
A few recently released data points, indicate that there is continued choppiness in the new home market. Housing starts dropped in February from January’s figure primarily due to inclement weather conditions in certain parts of the country. On the positive side, housing permits increased in anticipation of a strong spring selling season. Builder confidence also dipped but remains on the generally positive side.
About author
You might also like
Builders Say Union-Backed Wage Bill Could Raise Housing Costs
By Philip Molnar The latest fight between the homebuilding industry and unions is brewing in Sacramento over a bill that could require higher wages to workers on many residential projects.
Economist Warns That Buyers Face Increasing Troubles
From a broad view, the U.S. housing market looks very healthy. Demand is high, employment and wages are growing, and mortgage rates are low.
Sales Pace Surge and Price Appreciation in SoCal
The strong start to the year in the Southern California housing market continues to be borne out by the data. The median home price in Southern California climbed to $425,000
