Home prices decline and consumer confidence stays low
Thursday, 09 June 2011
by The Kevin Toll Group
In March 2011, home prices in 20 U.S. cities dropped to the lowest level since 2003; indicating the housing market remains stalled in a slump almost two years into the economic recovery. There is a backlog of foreclosures, and when they reach the market it may mean home prices stay depressed, and prevent builders from
- Published in Uncategorized
New Home Construction is Expected to Climb in 2011
Friday, 14 January 2011
by The Kevin Toll Group
According to an article in REALTOR Magazine, David Crowe, chief economist of the National Association of Home Builders, projected single-family housing starts to rise by 21 percent in 2011, reaching 575,000 units. Location of new construction will vary throughout the region based upon demand. This estimate assumes job growth, increasing U.S. population, as well
- Published in Uncategorized