The recent reports that came out from both the Commerce Department and the National Association of REALTORs paint a dark picture for prospective homebuyers who have either waited to buy a home until they had the money to do so or waited too long because they believed that home prices would drop even further. Commerce […]
Economists at Fannie Mae recently released their first economic forecast of 2013. The survey, titled “Transition to Normal,” describes where the direction the housing market is going will be affected by economic policy decisions being made and yet to be made by the federal government. The forecast states that the Federal Reserve will not raise […]
After October’s record for the most housing starts in four years, the number of new homes being built slowed down in November. The Commerce Department recently reported that the seasonally adjusted annual rate of construction of new homes was 861,000 in November, which is three percent less than October’s annual rate of 888,000. In the […]
In the month of October, housing starts have risen to 3.6% and hold a seasonally adjusted annual rate of 894,000 units, the Commerce Department reports. The reported percent increase of housing starts was the highest rate since July 2008. It is important to keep this number in mind and understand that starts are now only […]
Daily Real Estate News recently reported that housing starts are expected to increase in 2011. But by how much? It depends on who you ask. During an economic update at the International Builders’ Show in Orlando on January 12, David Crowe, The National Association of Home Builders’ chief economist, said that projected single-family home starts […]