Start me up
From Curbed.com blog
By Curbed.com, Friday, July 17, 2009.
The Wall Street Journal rounds up reaction to today's news that housing starts rose 3.6 percent in June, a figure helped by a jump in the construction of single-family homes. Excerpt: The market is stabilizing, but will more construction mean that even more unsold homes will sit on the market?
And via the New York Times: If low mortgage rates and tax credits are bringing in more new homeowners, "the housing market faces considerable obstacles in its efforts to revive. Among them are foreclosures, which have been rising."
Reposted with permission from Curbed.com. Click here to view original post.
Copyright (c) 2009 Curbed.com LLC
***
What's your opinion? Leave your comments below or send a letter to the editor.
All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.
Bookmarking Sites
You must login or register to post a comment.
Submitted by Moshe Cohen on July 19, 2009 - 1:31pm.
I will gladly sell my house to the wall street journal. Their data source is not reliable.
Submitted by Robert A. Hulme on July 20, 2009 - 4:36am.
Many parts of the country need new home starts, I don't think you can blame an increase in new home starts to having more unsold homes on the market,automatically.
www.UtahCountyForeclosures.us
www.AlpineHomesForSale.us