homebuilders

Real Estate Bubble Popping, Housing Starts and Building Permits Tumble

by Joshua Dorkin | November 17, 2006

CNBC is reporting this morning that US Housing Starts declined in October 14.6% to the lowest level in 6 years, while building permits were down a whopping 6.29%. Guests on the network, James Wilson and Jan Hatzius (Goldman Sachs Economist), predicted that housing will be a drag on GDP in ’07. Hatzius attributed the problem [...]

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Housing

Real Estate Speedlinking

by Joshua Dorkin | November 8, 2006

Phoenix home resale market down 41% from last year, but up slightly from previous month. Home Depot is offering a 10% discount this weekend to military personnel and veterans. Low interest rates have led to a surge in mortgage refinancing applications last week. One New Foreclosure Filing for every 1,122 U.S. Households. Two of the [...]

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Economy

Housing Starts to Fall to 3 Year Lows

by Joshua Dorkin | September 18, 2006

Bloomberg is reporting tonight that US housing starts will likely fall to their lowest level in three years when the number is announced tomorrow (Tuesday). Builders probably started work last month on the fewest new houses in three years as higher mortgage rates discouraged home buyers, economists said ahead of a U.S. government report today [...]

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