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Tuesday, March 17, 2009
Some More On "Positive" Housing Number
Homes completed rose to 785,000 in February, a 2.3% rise from January. Single family completions were 505,000, a 8.2% drop from January. Still, this is about 200,000 above the current pace of sales; therefore, months’ supply is expected to remain near a multi-decade high of 13.2 months in February.
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3 comments:
Excellent news. Now home prices have another reason for further price declines.
Happy joy-joy?
My bloomberg only goes out to '63 and by that measure its an all time high by a wide margin...
Almost all the growth was in multi family
single family flat.
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