New building permits are near an all-time low:
New housing starts are near an all-time low:
And new home sales are at rock bottom:
The gray portions of the graphs indicate recessions. As you'll notice, a recovery in new home construction has been an essential part of almost all economic recoveries. ...But we're not getting that this time.
Senin, 27 September 2010
The dismal state of the new home market
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