Tuesday, Jul 20, 2010
US housing starts at historical low
Zero Hedge: Weak Housing Starts in USA
As pointed out by a commenter, these are 32% below previous low set in 1982, and would have to more than triple to reach 2005 levels. Previous month's figures were revised downward too.
Huge overhang of unsold property - both new build and repossessed - already on the market.
Posted by notyethomeless @ 02:53 PM (195 views) Add Comment
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