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Builders begin work on fewer US Homes
Builders began work on fewer U.S. homes than forecast in August, showing the industry remains flat on its back even as mortgage rates fall to record lows. Housing starts dropped 5 percent to a three-month low 571,000 annual rate, Commerce Department figures showed today in Washington. Building permits, a proxy for future construction, unexpectedly climbed……………………………………….Full [...]
California Housing Market Sees August Boom
Two years ago that California – along with Arizona and Florida – was the poster child for plummeting home prices. But a new study says that not only are more homes selling in the Golden State these days, but home values are actually climbing across the board. After a brief climb in June, home sales [...]
9 Signs of Hope fore the Housing Market
Sentiment among U.S. homebuilders declined in September even as Lennar Corp. said Monday it saw a slight pick up in demand last quarter. That’s a mixed to gloomy picture, at best. However, although high levels of foreclosures, unemployment and household debt are still hurting home prices, there are indications the worst of the downturn is [...]
Is the US Housing Market Attractive?
US housing, in my opinion, offers a great long-term opportunity. I know this probably sounds a bit crazy as most people think the US housing market is getting worse and has not begun to recover from its epic binge. It has taken this asset class a great deal of time to find any semblance of [...]
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