Posts Tagged ‘construction’Housing Perspective: December New Home SalesBy RYAN TAYLOR The Commerce Department reported a 14.7% drop in the seasonally adjusted rate of new home sales in December. Builders unloaded just 482,000 homes, the lowest number since 1982, while the median price slipped 9.3% from December 2007 to $206,500. Tough to find a silver lining in this release, the numbers pretty much [...] Housing Perspective: October Housing StartsBy AUSTIN NELSON The Commerce department released its latest figures for housing starts in the month of October, providing further evidence of an American economy in very poor shape. Starts for the month came in at a seasonally adjusted annual rate of 791,000, down 4.5% from the previous month. Furthermore, permits for future construction fell [...] House of the Day Results: Falling Over FallbrookClick here for details on this House of the Day Value: $250,000 Projection: Depreciating Fallbrook is located in Eastern San Diego County, just south of Temecula along Interstate 5. The city and the surrounding area are being adversely effected by the economic slowdown, as much of the growth in the area was due to new [...] |