The record low U.S. housing starts is actually good news. After the record (over) production during the boom, there was ultimately only one way to bring supply back into balance.

Since the peak in new home sales was in mid-2005, it’s surprising how long it took builders to get the message. Actually, they never got the message, many just built until their money was cut off and they went out of business.

May 26, 2009 by
 
About The Author

John Wake

Born in Phoenix, trained as an economist and now a licensed Realtor, John uses hard data from the real estate market to help his clients -- buyers and sellers of residential real estate -- uncover their best choices for finding the right home or finding a buyer for their current home.

Archives

Categories

56 queries. 0.749 seconds.