Yesterday, Chicagoland Real Estate Forum reported that builder confidence in new home construction improved slightly this month. Today, the U.S. Commerce Department had good news and bad news on new construction. Let’s get the bad out of the way: U.S. housing starts fells 11.7 percent in October to 519,000, the lowest level in 18 months. …
More positive news for new home construction. The U.S. Commerce Department reported today that residential construction rose last month to its highest level since the federal home buyer’s tax credit ended in April. Though analysts had expected a decline, housing starts actually increased 0.3 percent in the month of September to a seasonally adjusted annual …
I try to shield my Chicagoland Real Estate Forum readers from bad news, but when it’s a record, I gotta let you know. Something tells me this news isn’t going to surprise you, anyway. The U.S. Commerce Department released a report this week showing that nationwide sales of new homes fell 12.4 percent in July …
