HOUSING STARTS
This from the Wall Street Journal:
Housing starts decreased (in July) by 6.1% to a seasonally adjusted 1.381 million annual rate, after rising 2.1% in June to 1.470 million, the Commerce Department said. Originally, Commerce reported June starts 2.3% higher at 1.467 million.
July starts were lower than Wall Street had predicted. The median forecast of 22 economists surveyed by Dow Jones Newswires was a 4.6% drop to a 1.400 million annual rate. It was the lowest level of starts since 1.355 million in January 1997.
So builders are a bit frightened at the tightened credit right now. The Tyler Texas real estate market is similar to the above numbers in fewer starts. The thing is, that you can still buy a lovely two-story, four-bedroom home in Tyler Texas for $189,000! What's not to like?
Housing starts decreased (in July) by 6.1% to a seasonally adjusted 1.381 million annual rate, after rising 2.1% in June to 1.470 million, the Commerce Department said. Originally, Commerce reported June starts 2.3% higher at 1.467 million.
July starts were lower than Wall Street had predicted. The median forecast of 22 economists surveyed by Dow Jones Newswires was a 4.6% drop to a 1.400 million annual rate. It was the lowest level of starts since 1.355 million in January 1997.
So builders are a bit frightened at the tightened credit right now. The Tyler Texas real estate market is similar to the above numbers in fewer starts. The thing is, that you can still buy a lovely two-story, four-bedroom home in Tyler Texas for $189,000! What's not to like?
posted by John and Flo Martin at 2:26 AM
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