Dec. Housing Starts Drop to Lowest Rate Since 2016

The U.S. Commerce Department released new data this week on housing starts for December 2018. Overall residential construction dropped to 1.08 million units on a seasonally adjusted annual rate or 11.2% lower than the November rate of 1.2 million units. … Continue reading

Builders Group Holds Mid-Year Construction Forecast Meeting; Economists Cautiously Optimistic

The Associated Builders and Contractors, Inc., (ABC) a builders trade association, held their third annual Mid-Year Construction Forecast presentation this week…inviting economists from three industry-related associations to present their outlook on the construction industry. This year, the invited economists included … Continue reading

Is Housing Finally Turning Up?

Since 2007, the housing industry has been in a long, downward slump, with only a few positive bumps along the way providing some moderation. Today, however, we may be finally seeing some of the first “green shoots” of a possible … Continue reading

Housing Market Data is Mixed – Why That Really is Good News

<March 21, 2012> An investment expert once told me that Wall Street is most dangerous when everyone agrees on the market’s direction – either up or down (bulls or bears in Wall Street parlance.) If everyone says the market is … Continue reading