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U.S. Housing Starts and Permits at All-Time Lows

posted by scorpio 1 day 3 hours ago in USD, Housing made popular 14 hours ago

U.S. housing starts and building permits each fell to record lows in October, which economists say is bad news in the short term. However, the quicker housing activity declines, the quicker excess inventory will be cleared off the market and the  read more

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U.S. Preview: U.S. Housing Starts Set to Fall in October

posted by stephenie 1 day 6 hours ago in USD, Housing made popular 1 day 2 hours 49 minutes ago

The U.S. housing market is expected to give further proof of a long, slow-motion decline with the release of the housing starts & permits report from the Department of Commerce on Wednesday. The starts index could potentially fall to levels not s  read more

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More Than a Third of Canadians Expect Housing Prices to Fall

posted by chloegurl 1 day 6 hours ago in CAD, Fundamental, Housing made popular 14 hours ago

Canadians are growing increasingly fidgety about the future of the country's real estate market, according to survey results released Tuesday by the Canadian Association of Accredited Mortgage Professionals (CAAMP).  read more

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Economic Turmoil Keeping Canadian Homebuyers on the Sideline

posted by keiragabe 1 day 6 hours ago in CAD, Housing made popular 1 day 2 hours 47 minutes ago

Buying a house can be enough to cause night sweats and jangled nerves at the best of times. For most people, it's the single largest purchase they will ever make and paying for it can take two or three decades.  read more

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Deflation is the enemy of growth and prosperity

posted by mintchocolate 1 day 10 hours ago in GBP, Inflation, Housing made popular 15 hours ago

They say that what goes up must come down and in the case of current inflation it is certainly true.

As the causes of the recent spike in inflation — namely oil, gas and food prices — all fall back sharply, the rate of inflation will follow su  read more

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NZ house sales plunge, prices 'to drop'

posted by HarrisClan 1 day 17 hours ago in NZD, Housing made popular 1 day 17 hours ago

New Zealand's housing market remains in a slump, with the number of sales diving more 44 per cent in the first half of 2008 compared with the year-before result, a new report shows.  read more

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Canadian Non-Residential Construction Costs Rise Sharply

posted by stephenie 6 days ago in CAD, Fundamental, Housing made popular 5 days ago

Higher material costs pushed the price of non-residential construction in Canada up 2.4% in the third quarter compared with the previous three-month period, Statistics Canada reported Friday.  read more

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BoE sounds warning on recession and deflation

posted by aranel 7 days ago in GBP, Fundamental, Housing made popular 7 days ago

The Governor of the Bank of England, Mervyn King, yesterday made his clearest pledge yet that he is "prepared to see Bank rate move to whatever level is necessary" to avoid deflation.  read more