Edited by redfoliage2, 20 March 2007 - 08:08 AM.
The Housing Market Needs Sub-Subprime Lenders
Started by
redfoliage2
, Mar 20 2007 08:03 AM
1 reply to this topic
#1
redfoliage2
-
- Traders-Talk User
- 18,062 posts
Member
Posted 20 March 2007 - 08:03 AM
There will be more houses for sale according to the latest government housing start data. I wonder any sub-subprime lenders out there?
#2
Data
-
- Validating
- 2,618 posts
Member
Posted 20 March 2007 - 08:38 AM
There will be more houses for sale according to the latest government housing start data. I wonder any sub-subprime lenders out there?
Completions and permits are both declining sequentially and year over year.
Starts tend to be more volatile due to weather.
See construction data.
http://www.census.go...newresconst.pdf
The problem is that the number of homes being built still remains far above the number
of new homes being sold (even before the tightened lending kicks in). See sales data
below.
http://www.census.go...newressales.pdf
