Archive for the ‘Home Builder’ tag
U.S. Housing Market Bottom Not Yet in Sight, Say Economists
“U.S. housing starts have left no doubt that the housing
crunch is still in full swing,” said Dimitry Fleming at ING
Wholesale Banking. “Home builders have now cut production 60%
since the peak early 2006, but despite these drastic measures
the overhang - as measured by the months of available supply - is still
enormous and is even approaching the highs of the early `80s crash.”
Casualties on Wall Street Continue to Rise
There have been two shifts in the leadership of major banks marking
further casualties in the on-going housing - mortgage - credit -
foreclosure crisis. There were two other developments in the
fortunes of an investment bank and a home builder that show that
the situation is far from stable.
Housing Starts Take a Small but Encouraging Jump in April
The rate of housing starts during April was 8.2
percent higher than in March. April’s rate was 1,032,000 and the revised
March estimate was 954,000. The April figure, however, is 30.6 percent
lower than the revised April 2007 rate of 1,487,000.
Home builders, however, continue to take a dim view
of the market according to…