Kiyoko Fujimura

Buzzbuzzhome Corp.
July 20, 2010

In recent years, US housing has been on a pretty wild roller coaster ride that seems to take more dives down than up. And this post is no exception. Market predictions pegged new housing starts at 580,000 units for June, but in actuality they were much lower.

According to the Financial Post:

“The Commerce Department said housing starts dropped 5.0% to a seasonally adjusted annual rate of 549,000 units, the lowest level since October.”

Ouch. That’s gotta hurt. It looks like the US might be headed for that “double dip” recession that everyone’s been talking about, at least if real estate development is a leading indicator...but who knows. Indicators are up and down all the time. Maybe we just get too much information to fret over.

Developments featured in this article

More Like This

Facebook Chatter