More on Housing Starts: Housing Starts of 861K (+21.6% Y/Y). The housing starts decline of 3%...


More on Housing Starts: Housing Starts of 861K (+21.6% Y/Y). The housing starts decline of 3% M/M was led by single-family component. Home builders are moderately optimistic about future sales as housing permits rose 3.6% M/M to 899K. (PR)

Comments (11)
  • recession12
    , contributor
    Comments (170) | Send Message
     
    They seasonally adjust this figure even though its 50 degrees in the northeast. lol
    19 Dec 2012, 09:59 AM Reply Like
  • kwm3
    , contributor
    Comments (2454) | Send Message
     
    the ole blame the weather trick.
    19 Dec 2012, 10:17 AM Reply Like
  • bbro
    , contributor
    Comments (11219) | Send Message
     
    In the last 52 years no recession has started unless the year over year change in Housing Starts was already negative....
    19 Dec 2012, 10:23 AM Reply Like
  • Tack
    , contributor
    Comments (16280) | Send Message
     
    November starts? Sandy? Hello?

     

    Permits is more indicative.
    19 Dec 2012, 10:57 AM Reply Like
  • Dominic Faultz
    , contributor
    Comments (334) | Send Message
     
    You are right Tack!

     

    Best,
    Dom
    19 Dec 2012, 02:05 PM Reply Like
  • kyleg17
    , contributor
    Comments (174) | Send Message
     
    Sandy is the perfect scapegoat.
    19 Dec 2012, 02:07 PM Reply Like
  • Debentured Servant
    , contributor
    Comments (10) | Send Message
     
    As a commercial real estate lender in the Southern California market we get lots of proposals for residential construction projects. Few pencil out. Multi family fill projects seem to make the most sense. Are we entering the era of the landlord/renter? Has the aspiration to be a home owner diminished?
    19 Dec 2012, 02:20 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3121) | Send Message
     
    Investors looking for rental income properties have been driving the market higher (and taking advantage of any breaks given by special programs).
    19 Dec 2012, 03:03 PM Reply Like
  • Debentured Servant
    , contributor
    Comments (10) | Send Message
     
    Whitehawk - As they should. However, given relatively depressed housing (land) prices, historically low interest rates and the fact every lender out there would kill for a quality earning asset, I would think permits, start and price trends should be much more positive. Are we pushing a string here?
    19 Dec 2012, 04:48 PM Reply Like
  • june1234
    , contributor
    Comments (4356) | Send Message
     
    The year + long moratorium on foreclosures will not last, both properties already being held up in the foreclosure pipeline and those the banks are still holding in their portfolios. Realtytrac.com does not believe the bottom in housing was/is set yet because those properties just mentioned will hit the market and when they do they will drive prices downward leaving all the people who bought homes over the last year underwater also;compounding the problem.
    19 Dec 2012, 08:36 PM Reply Like
  • Tack
    , contributor
    Comments (16280) | Send Message
     
    Those awaiting a foreclosure nightmare have just fooled themselves.
    20 Dec 2012, 01:17 AM Reply Like
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