This week the Commerce Department (specifically the U.S. Census) released housing starts for February. The monthly numbers show starts to be near a record low 472,000 units, or about 22.5% less than the previous month (figures are seasonally adjusted). This is unquestionably good news for the housing industry. One of the reasons for the price [...]
Tag Archives | Inventory
Housing ‘stuck’ with high inventory
The national housing market is “stuck” with high levels of inventory and low prices, as potential buyers hold out for even greater deals in the future, concludes a Wall Street Journal article (“Housing: Stuck and Staying Stuck,” Sept. 24). The weak economy is just one reason why buyer psychology remains depressed. The housing market also [...]
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