There’s no doubt that the housing market has recovered from the collapse that squashed sales and pummeled prices. The median price for sales of existing homes is now 12% higher than a year ago, inventories of those homes are at a 13-year low and the number of homeowners owing more […]
Tag: Housing
This Is Housing Bubble 2.0: David Stockman
Many have named a U.S. housing recovery as a bright spot in a so-called broader domestic economic recovery. And data seems to support this analysis, despite a slowdown in sales momentum at the end of the year. Existing home sales in December were up 12.8% from the same time in […]
US housing starts slowed to 861K in November
U.S. builders broke ground on fewer homes in November after starting work in October at the fastest pace in four years. Superstorm Sandy likely slowed starts in the Northeast. The Commerce Department said Wednesday that builders began construction of houses and apartments at a seasonally adjusted annual rate of 861,000. […]
