It’s not a great time to be a builder of homes, Bloomberg reports today: Builders in the U.S. started work on the fewest homes in a decade in July as the industry showed no sign of recovering from the 18-month recession.The greater-than-forecast 6.1 percent decrease to an annual rate of 1.381 million, followed a 1.47 million pace […]
Housing Market
Existing Home Sales Drop for Fourth Straight Month
The Associated Press reports today that the national housing market continues to pull back… Sales of existing homes fell for a fourth straight month in June and even a small increase in home prices was not enough to lift the gloom surrounding the housing industry. The National Association of Realtors reported that sales of existing […]