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#1
11/19/06, 7:02 PM
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October Housing Starts, Permits, Foreclosures
Was it just last month that Greenspan and David Lereah at the National Association of Realtors were declaring a bottom in housing?
That myth was shattered on November 17th when the Census Bureau released the Residential Construction Report for October 2006. Entire story can be read here. "By three methods we may learn wisdom: First, by reflection, which is noblest; Second, by imitation, which is easiest; and third by experience, which is the bitterest." -Confucius Certified Master Inspector (2007) Member, International Assoc of Certified Home Inspectors (InterNACHI) Member, International Code Council (ICC) - Certified Residential Combination Inspector Square-One Inspection "Assurance begins here"
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#2
11/20/06, 2:28 AM
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Re: October Housing Starts, Permits, Foreclosures
Wall Street shrugs off the housing slump... why?
Because corrections are better than an unchecked booms. Energy prices are down, consumer spending and confidence is OK... The market is climbing... Interest rates could be lowered soon (rumor has power on the street)... steady as she goes. http://news.scotsman.com/opinion.cfm?id=1716482006 John McKenna, CMI (TREC #4565)
Executive Director - Master Inspector Certification Board 25 Yrs Constr Exp - 13 Yrs Home Inspector Exp American Home Inspection - East Texas.
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