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Housing starts dip, is this good news or bad news?
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Short Sale Artisan
January 20, 2011 at 4:21 pm
Well housing starts staying lower are obviously critical to clearing inventory. That said, the lag is enough that starting too late means an lack of available housing (although I think we are very, very early on that point!)
Ruthmarie Hicks
January 20, 2011 at 7:13 pm
Our area didn’t go “hog wild” with building. The exception being high end condos – particularly high rise. So much of the area is built up and the rest is on wetlands. However- the last thing we need – or anyone else needs – is a bunch of brand spanking new inventory competing with resales when the market is moving at a glacial pace. So I say its a good thing.