If Builders Are Building, It’s Got To Be A Good Sign
Single-family Housing Starts rose for the 4th straight month in July, another sign that the battered housing market may be making its comeback.
“Housing starts” are new homes on which construction has recently started.
Not surprising, in a related story, homebuilder confidence moved to a 12-month high.
Ironically, an increase in newly-built homes could actually slow a nationwide housing rebound because values are driven by supply and demand. More in-the-pipeline supply means that buyer demand has to stay strong or else prices will eventually fall.
So far this year, though, demand has kept pace.
Over the past 6 months, the combination of low mortgage rates, aggressive home valuations, and federal and state tax credits has kept buyer activity up and home values on the rise.
Related articles by Zemanta
- Jim Cramer’s Housing Bottom Call Revisited (VIDEO) (huffingtonpost.com)
- Housing construction slipped in July (msnbc.msn.com)
![Reblog this post [with Zemanta]](http://img.zemanta.com/reblog_e.png?x-id=321e7cfd-c13e-438b-9239-50e085792ba7)
No related posts.
[...] were 450 single family and 145 condos sold in July, compared to 331 and 130 last July… If Builders Are Building, It’s Got To Be A Good Sign – myequitypro.com 08/19/2009 Single-family Housing Starts rose for the 4th straight month in [...]