Oversupply in the National Housing Market
A long and detailed look at the oversupply in the national housing market, which of course will lead to a reduction in all the economic activity that goes along with housing starts. Big Picture: With household formation running at just 0.9 million while the US is still building 0.6 million new homes annually, only 0.3 million [...]
CNN notes high end sales are up nationally
The CNN article dovetails nicely with the SRS report showing that dollar volume is way up year over year as lower prices and increased confidence lure more high end buyers into the market
Home Sizes Falling Nationally
The Washington Post reports that average home size is falling post-crash.
