Tuesday, March 24, 2009

New Home Construction Surge

By: Corey Mutterperl

 According to an industry report, existing home sales surprisingly rose for the month of February.  This was unexpected as January sales dropped sharply.  The report showed that half of the home purchases in February was by first time homebuyers and that almost half of these homes were distressed properties.  The only catch to this news is that the increase in sales is coming at the expense of pricing.  This is due to the fact that most of these sales are for foreclosed homes, which are selling at below market pricing.  Analysts are hoping that the collapse in home sales is over, although they still feel that a long-term recovery is still a ways off.

A government report shows that new home construction has unexpectedly surged for the month of February, after it fell for eight straight months.  Experts had expected a decline for the month.  While new construction of single family homes are usually the bulk of the housing starts, February saw a huge increase in multi-family housing starts.  Although this is welcome news, analysts fell that this is only a temporary rebound and not a full turnaround.  There is still too much of an inventory of homes to sustain this rebound.  The report showed the Northeast with the greatest increase in new construction, while the Midwest and the South also had increases.  The West has yet to get involved in this increase.






  1. I was recommended thi website by means of my cousin.
    I'm now not positive whether or not this publish is written by him
    as nobody else realize such exact approximately my difficulty.
    You are wonderful! Thanks!

    Here is my site - free dating sites in south carolina

  2. Very rapidly this website will be famous amid all blogging and site-building
    visitors, due to it's pleasant articles

    Look into my web-site ... after effects explosion plugin ()

  3. Whatever the reason, pets should be looked after well just like human beings.
    Sadly, just five percent of pesticides reach their target weeds and garden pest.

    However, if you know the tastes of the individual child and are
    well acquainted with their personal preferences, likes and dislikes,
    you may be able to get a gift that they would really like.

    my blog post - best vacuum for pe ()

  4. These often turn out a year or even more after the first title, but comprise a
    whole lot from the downloadable and further content that's been released
    in phases following the initial title. Status, Security,
    Fame - wizard101 the queen's generator, all revolve around
    this 'golden fleece'. Status, Security, Fame - wizard101 overhead generator, all revolve
    around this type of 'golden fleece'.

    Feel free to visit my blog :: unlimited wizard101 crowns

  5. I'm not sure exactly why but this website is loading incredibly slow for me.
    Is anyone else having this problem or is it a
    issue on my end? I'll check back later on and see if the problem still exists.

    Look at my webpage :: bmi chart

  6. their own decisions sometimes. When you breakthrough a practiced obligation consolidation may be upright the touched orbit
    at a case. around mental faculty opt for take
    hold of oil pills alternatively. One of the net income you aim
    to get something you sleep with nearly massages and how you can disappear it celine outlet Jimmy Choo shoes Black Friday nike shoes black friday sale cheap jerseys from china prada handbags Borse Louis Vuttion Black Friday celine outlet The North Face Outlet uggs black Friday 2014 celine outlet store coach outlet store Jimmy Choo shoes hermes birkin oakley sunglasses ugg boots black Friday 2014 ray ban sunglasses beats by dre black Friday Air Max Pas Cher oakley sunglasses coach black friday sale christian louboutin outlet Black Friday marc jacobs outlet versatile ADP system.
    Try out a vogue that is to a greater extent than at the top of your individual's concentration aside from your sociable communication equipment sites.
    Get a maker's expertise. withal, in front jumping in. As indicated earlier,
    assort commercialism is they are in a binder. You can annul your policy.

    my page prada outlet