Global Economic News and Analysis
Written by Steven Hansen This week we have seen various real estate releases. What these releases are whispering is that the headwinds are abating – but in perspective, the real estate industry remains a mere shadow of its former self. One of the reasons for the sluggish USA economic recovery is due to real estate: …
Continue reading “Economic Headwinds from Real Estate Moderate”
Although not obvious, residential construction may be reaching a bottom. For almost the first time since mid 2006, more permits to build housing units were issued then construction completion in the month of January 2011. For over 4 years, there have been more completions than applications to build more housing units. This has manifested as …
Continue reading “Search For Life Continues in Residential Construction”
As there are more housing units being completed then permits issued, we are not at the bottom. There were 56,200 completions & 47,700 permits issued.