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Old 05-16-2008, 10:38 AM
 
Location: Oxygen Ln. AZ
9,321 posts, read 16,136,339 times
Reputation: 5685

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A tiny bit of good news. Housing starts are up over expectations. For what it is worth.
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Old 05-16-2008, 10:54 AM
 
Location: OK
2,717 posts, read 6,291,717 times
Reputation: 1844
Yeah .... but will they sell?
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Old 05-16-2008, 11:49 AM
 
Location: Great State of Texas
86,093 posts, read 69,893,919 times
Reputation: 27519
Read the details..they are up for multi-family housing. Single family housing is still down.
Housing data mixed, consumer confidence slumps - Yahoo! News (broken link)

Snippet:
However, the gain came entirely from apartments and condominiums, while starts on single-family homes fell 1.7 percent to 692,000, the slowest rate since January 1991.
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Old 05-16-2008, 01:46 PM
 
Location: Salem, OR
13,743 posts, read 31,562,927 times
Reputation: 12105
The National Association of Home Builders released a statement yesterday that builder confidence is down NAHB: Builder Confidence Edges Downward In May. The NAHB economist states that fewer builders for single family homes are seeing improvement for the next 6 months.
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Old 05-16-2008, 02:07 PM
 
5,463 posts, read 5,782,850 times
Reputation: 1803
Why would more housing inventory be good news? Aren't there enough empty houses sitting on the market now as it is?
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Old 05-16-2008, 02:41 PM
 
Location: Great State of Texas
86,093 posts, read 69,893,919 times
Reputation: 27519
Multi-family is what is up. Builders seem to think that there might be more condo purchases or rentals in the near future IMO.
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Old 05-17-2008, 07:31 PM
 
Location: Houston, Texas
469 posts, read 1,322,025 times
Reputation: 295
Quote:
Originally Posted by KCfromNC View Post
Why would more housing inventory be good news? Aren't there enough empty houses sitting on the market now as it is?
Thank you for posting this as it is the question I had as soon as I read the OP's post.
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Old 05-17-2008, 08:23 PM
 
Location: Sitting on a bar stool. Guinness in hand.
4,428 posts, read 5,492,904 times
Reputation: 1691
Default where

My question is where are most of these apartments and condos being built?
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Old 05-18-2008, 07:32 AM
Status: "Finally Done With C-D BYE BYE" (set 15 days ago)
 
Location: LEAVING CD
22,947 posts, read 21,479,043 times
Reputation: 15430
Florida and Vegas from what I can tell. Thankfully it looks like condo's are selling again since I own a bunch of stock in a construction lender involved in many condo deals.
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