More mixed signals from the U.S. Real Estate Market

Yesterday new home start figures were released which showed an increase of 0.8% from Feb to March. That’s the good news. Also on the same day builder confidence showed a downtown because of the increasing number of cancellations and a decease in sales due to the sub prime mess-up. Here is my take on the situation. I believe we were starting an upturn in the market (at least on the west coast) but now with the sub prime problem who knows what will happen.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please enter to stop spam *