Construction of single-family homes--which is what most people think of when the phrase "home-building" is used, "continues to weaken." The surge is in apartment construction, perhaps to house the people who have lost, or can't afford, homes.
That’s the spirit!
“Construction of single-family homes—which is what most people think of when the phrase “home-building” is used, “continues to weaken.” The surge is in apartment construction, perhaps to house the people who have lost, or can’t afford, homes.”
They built 60,000 units in San Antonio.
Aaaaaauuuugggggghhhhhhhhhh!!!!!!!!!!!!!!!!!!!!!
We’re doomed.
“Single-family authorizations in April were at a rate of 646,000; this is 4.0 percent (±1.4%) above the March figure of 621,000.” The potential for the bottom having been March is there if you wish to see it!
It could also be to replace old apartments, built over thirty years ago, and in bad shape. I figure any new construction, after the doom and gloom of the last year and a half, is a good sign.
Housing prices have already stabilized, and are starting to head back up in our neck of the woods. That's GREAT news for us, because we're remodeling our home to sell it, and we've been just kind of taking our time, since the market has been so lousy. Good to see it moving up, again!
Exactly correct. Single family starts are at their lowest point since January 1991, declined 42.1% from April 2007 and have declined 62.3% since the peak in January 2006.