December 20, 2005
Housing Starts Up in November
Just when you thought that the bubble was bursting, maybe it’s not. CNN Money is reporting that housing starts were up in November.
But then comes Tuesday’s housing start and building permit figures for November from the Census Bureau. They bounced back from a weak October to easily top forecasts. Both readings, in fact, were the fourth best on record. And the number of single-family home starts matched a February record.
David Seiders, chief economist with the NAHB, said it’s too soon to say that housing is out of the woods based on Tuesday’s report, but it’s probably too early to say it’s definitely reached its peak.
If predicting these things was easy, everybody would be making money, right?
Filed by Webmaster at 4:15 pm under Real Estate Investing
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