New home construction lowest in years: Good news or bad?

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OCTOBER 17, 2007

Housing starts were down again in September. The biggest drop off appears to be in "multi-family" housing: town homes, condos and the like. Here's Forbes' take on the news.

As I've said before on this blog, this could be good news in disguise.

Flooding the market with more new homes people don't need will just prolong the pain of the housing slump. We need new homes in a growth area like Florida, just not so many.

Posted by James Thorner at 10:34:03 am on October 17, 2007 | Permalink | Comments |

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