Thursday, September 22, 2011

Housing Starts Decline

U.S. housing has fallen more than expected in August. It decreased 5% from the prior month. It is currently at the lowest level in three months. It continues to remain one of the weakest industries in the economy. New home sales have been weak because of the competition from cheap foreclosed properties. Here's the article from the Wall Street Journal

1 comment:

  1. I know this isnt a good thing for our parents generation, but what about ours? In a short few months I will graduate from Kalamazoo College and begin my life. According to "Foreclosure Nation" home ownership is the most important aspect in achieving the American Dream. The whole buying houses cheap thing seems pretty good to me.