Posted by Leonard Steinberg on February 25th 2014 Has the success of the housing market in the past few years been a result of ultra-cheap money and artificial demand because REIT’s and investors have bought large swaths of housing stock? Housing starts in the U.S. dropped in January by the most in almost 3 years as… [Read More]
HOUSING STARTS DOWN, BUT HOUSING BUILDING PERMITS UP…
Posted by Leonard Steinberg on April 17th, 2012 Housing starts dropped in March, but building permits rose quite sharply by 4,5%. This factor is mirrored by the vast number of new properties planned for Manhattan (and many have financing too). Home Depot stock (a good indicator too)has soared too. The economy’s sleeping giant (housing) has… [Read More]
THE HEALTH OF HOUSING
Reports to-day lament the state of the housing market, and for sure the markets around the country are not very healthy. Some housing markets show signs of healing. Home-sales activity in New York, Washington, D.C., and parts of California continue to improve. But other markets, including Tampa, Fla., and Chicago, face rising foreclosures and weak… [Read More]
ENCOURAGING SIGNS? IS LUXURY MANHATTAN REAL ESTATE ‘HOUSING’?
Today, reports came out on home groundbreaking. (Am I the only one annoyed at how figures are constantly ‘revised’?) So December’s figures were slightly inaccurate….why? And why the month-by-month-drama-queen reporting? I am a firm believer in watching pricing on a month by month basis, but it ceases to amaze me how many people formulate world-shattering conclusions from… [Read More]