Wednesday, Sep 20, 2006

The US housing market 'freefall' continues

MoneyWeek: The US housing market 'freefall' continues

The rate of decline in the US housing market is continuing to surprise the pundits.

The number of housing starts - that is, new home construction - fell 6% in August, down almost 20% on last year, the worst annual decline in four years, and a much worse fall than expected. That came hot on the heels of news from the National Association of Home Builders that house builders confidence is at its lowest since 1991.

Posted by mary @ 01:36 PM (556 views)
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