It is Friday, and believe it or not, we are just one week away from Christmas, and two weeks from the start of a New Years. It's always an exciting time, since good change is on the way !
As always, the wheels of our Government are grinding away, and the good folks monitoring the housing market have provided us with some new numbers for New Residential Construction, of which will take a quick look at today.
As we know from the previous release of these numbers, and as noted in this blog, "New Residential Construction" is broken down into Building Permits, Housing Starts, and Housing Completions. Building Permits were mixed. Housing Starts were up for one segment since the last release, however, down from the same time last year. Finally, the biggest numbers came from the Housing Completions portion, or should I say, "lack of" Housing Completions, with privately-owned completions falling over 14% from October, and close to 40% from last year. That is one heck of a tumble !
Next week, there are 4 more indicators being released, which are the Loan Performance Housing Price Index (Tue 12/21), NAR Existing Home Sales (Wed 12/22), FHFA Monthly House Price Index (Wed 12/22), and New Residential Sales (Thu 12/23), all of which will be make for a very interesting week.
We aim to please !
Have a Great Weekend, and Happy Rent-to-Owning !
HomeRun Homes Blog http://blogging.lease2buy.com
HomeRun Homes Website http://www.lease2buy.com
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.