November’s annualized single family starts – actually lower than the starts in November of 2010 (454,000). – Business Insider
Post Tagged with: "housing"
Throw the bums out!
These clowns love this stuff. It has nothing to do with the right choices; it’s about the next election. They don’t give a damn about the country or it’s citizens. It’s about keeping their powerful jobs.
Consumer confidence and housing market near record lows
How’s that hopey changey “fundamental transformation of America” working out?
Bank Of America Bulldozes And Gives Away Homes To Cut The Glut
Wells Fargo, Citigroup, JPMorgan Chase, and Fannie Mae are also involved in, or considering, programs of their own. – BI
The Ripple Effect Of Declining Real Estate
The impact of a double dip, or continuation of Real Estate’s decline, could be more than just economic. It can bring investor/consumer confidence down. Declining confidence has been the downfall of many markets. – BI
Housing crash exceeds Great Depression
Using mortgages as a welfare program turned out to be long-lasting poison. [R]ather than the much-noted “double dip,” the housing crisis is actually in an alarmingly steady, though masked, free fall. – IBD
Homeowners who will consider strategic default doubles in one year
A report from Fannie Mae found 27% of homeowners would consider walking away. The previous year only 15% would think of defaulting on a mortgage they could still afford.
Underwater Mortgages a Threat to Recovery; Expect No More Than 3% Growth Until Housing Recovers
Should that be the case, the revenue projections of President Obama, Paul Ryan, and the nonpartisan Congressional Budget Office are all hopelessly optimistic with obvious implications on the deficit, on interest on the national debt, and on long-term interest rates as well.
Government programs that caused housing crisis failed to increase ownership rate
[T]he story of the last 20 years has been a massive increase in home debt with very little increase in actual home ownership rates.
18 Reasons Why You Can Stick A Fork In The New Home Construction Industry
New home construction has always been one of the foundational pillars of the U.S. economy. When times were good new home construction would boom, and when times were bad new home construction would falter. Well, unfortunately the industry is stuck in the midst of a multi-year decline right now.