Monday, May 19, 2008

State of US housing

Home construction turned up unexpectedly in April. It seems multi family dwelling is growing up. Here is the data from (I have circled the point the where it started climbing up). Even with the current, it is hardly a great news, given that the number of units started is at the lowest point in this decade. You can see pretty detailed data here:

WSJ gives some commentary on it here: though it exaggerates the stuff a bit.


Interestingly, the home ownership rate decreased in the last one year (maybe due to foreclosures?)


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