U.S. new home starts rose 15% in Sept.

Builders see a recovery in full swing. Sept. building permits rose 12%, and builder confidence hit a six-year high.



Copyright © 2012 The Associated Press, Martin Crutsinger, AP economics writer.
  • October 31 2012 - Fort Lauderdale
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.

 
 

Answers (2)

Profile picture for sunnyview
Many builders are not the smartest tools in the shed. Some are sitting on land inventory so they are trying to talk a good game, but their buyers are unstable in their jobs and unwilling to splurge on upgrades so their profits will continue to be tight even with low rates. If rates rise, they will be pressed even more.
  • October 31 2012
  • 0Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.

Profile picture for SteadyState
Shai - don't have enough listings? You seem bent on putting forward one side of the story for the past few days. Let consider the risks to the market:
1. Higher capital gains in 2013
2. Mortgage deduction on the chopping block
3. Higher income taxes
4. Higher sales taxes
5. Weakness in Europe
6. Slowdown in emerging markets
7. No real change in unemployment
8. Higher interest rates in two years.

Those who are informed and can do some simple math see beyond the fog of propaganda that you are putting forth.
Now if you are a real expert in real estate you can refute points 1 to 8 and prove that home prices will go up instead of bouncing around the bottom. Else broadcast that you cannot refute 1 to 8 and do a mea culpa.
  • October 31 2012
  • 1Yes

  • Report a Problem

    Please enter a valid email address.

    Content flagged

    We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

    We're sorry. This service is temporarily unavailable. Please come back later and try again.