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U.S. Single-Family House Starts Rise to Four-Year High - Bloomberg


               
2013 Feb 20, 5:33am   804 views  3 comments

by RealEstateIsBetterThanStocks   follow (1)  

http://origin-www.bloomberg.com/news/2013-02-20/work-begins-on-most-u-s-single-family-homes-in-four-years.html?source=Patrick.net

Play Breaking Down U.S. Housing Starts Work began in January on the most U.S. single-family houses in over four years and permits for future projects climbed, setting the stage for construction to keep adding to economic growth in 2013.

#housing

Comments 1 - 3 of 3        Search these comments

1   New Renter   2013 Feb 20, 6:26am  

Anyone predicting a surge in sub-standard Chinese-made drywall as well?

2   RealEstateIsBetterThanStocks   2013 Feb 20, 7:24am  

New Renter says

Anyone predicting a surge in sub-standard Chinese-made drywall as well?

no but there may be a small surge in the number of irrelevant comments.

3   Bubbabeefcake   2013 Feb 20, 12:07pm  

So there may be more houses built but gov and banks are keeping the inventory off the market for a reason and unleashing it would crash house prices. How can economy be good when you have to keep a secret inventory?

The answer is the market value can't apply and the bubble prices must be sustained. Now what happens when the reserve stops asset purchases and raises rates?

Well government can't push Freddie and Fannie nor assist banks to hold onto the shadow inventory. The higher rates put pressure on borrowers and makes their newly bought houses under water because higher rates lowers home values... 

Spin...spin...spin...

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