November’s numbers are grim. Housing starts are down almost 19 percent from October, and down 47 percent from November 2007. Nobody I’ve read is willing to predict where the bottom of this market is, but housing experts say there are still several years’ worth of adjustable rate mortgages coming up on their balloon dates. Those could hamstring the residential sector, further depress prices and keep annual starts below a million until the middle of the next decade.

advertisement

Related Reads

• Home starts fall 6.5% in May as apartment construction and permits slow
• Despite slow start to 2014 and concerns, top construction economists forecast growth in spending and jobs
• Construction expected to grow 8% this year with “groundhog”-like growth from nonresidential
• Construction spending up 7.9 percent annually, home building at highest level in 4 years
• Builder confidence in housing market dips 1 point in February

From our partners

Lyme Disease & West Nile Virus: Who’s at Risk?

These days, bugs are not simply annoying, they also have the potential…

Read On

Presented By:

Motion Industries

Read More