Current Housing Indicators |
| CURRENT | PREVIOUS | ||
| Existing Home Sales | 4.49m | ▼ | 4.74m |
| New Home Sales | 309,000 | ▼ | 344,000 |
| Housing Starts | 583,000 | ▲ | 477,000 |
| Building Permits | 547,000 | ▲ | 531,000 |
| HMI | 9 | UNCH | 9 |
| Existing Home Prices | $170,300 | ▼ (annually) | $199,800 |
| New Home Prices | $201,100 | ▼ (annually) | $232,400 |
More Videos
- Underwater Mortgages Could Sink Even Deeper
- First Time Buyers Rescue Housing: Realtors
- Housing Recovery 'Still In Uncharted Territory': HUD Secretary
- Shadow Inventory Dwarfs Loan Mods
- The Battered Businesses Behind Housing
- Watch Foreclosures, Seriously
- Home Buyer Tax Credit Expansion Heads to Obama
- Congratulations America, We're All Landlords Now
- Wells Fargo Bets on Housing Recovery
- Home Buyer Tax Credit Done: Does it Matter?
MOST SHARED
- Stocks Overvalued, Recession Will Return: Meredith Whitney
- Has Twitter's Finest Hours (Seconds) Come and Gone?
- Fed Likely to Keep Rates Low Despite Dollar's Fall: Bernanke
- U.S. May Wind Up Green With Envy
- Bernanke Offers Something For Everyone
- BofA Ex-Counsel: I Was 'Stunned' When I Got Fired
- Vineyard Serves Up Sustainable Wine
- U.S. Cities With The Most Underwater Mortgages
- Warren Buffett's Berkshire Hathaway Almost Doubles Wal-Mart Holdings During Summer
- Stanford Receiver to Release Funds Of Frozen Acounts
- Meredith Whitney: Turns Bearish
- 3 Stock Plays on Rising College Costs
- Warren Buffett's Berkshire Hathaway Almost Doubles Wal-Mart Holdings During Summer
- Nov. 16: Unusual Volume Leaders
- Getting To The Heart Of The Merck-Abbott Embargo Break
- What MGM's Sale Could Say About Value of Content
- My Ratings on Lowe's & Home Depot: Analyst
- S&P Stocks Trading at New 52-Week Highs
- Snoop Dogg Talks Biz
- Buffett's Berkshire Hathaway Boosts Wal-Mart Stake
- What's Kept Stock Rally Going? Fear, Not Confidence
- Fed to Keep Rates Low Despite Dollar's Fall: Bernanke
- Millions Could Have to Repay Part of Obama's Tax Credit
- Hollywood Turns to Porn as Unemployment Rises
- Slideshow: US Cities With Most Underwater Mortgages
- Solar Energy Emerges From a Dark Period
- Gold Is in a 'Bubble' And Will Keep Going Higher: Gartman
- Stanford Receiver to Release Funds Of Frozen Acounts
RSS FEED
Realty Check
Text Size 
 |
AP |
What’s interesting to me about this number is that at the beginning of the downturn in housing we didn’t see a huge drop in construction jobs, primarily because workers moved from residential into commercial.
Now that commercial is slowing as well, construction workers are falling out of jobs like flies. And they’re not the only ones. Big surprise furniture manufacturing jobs are falling as well. Domain furniture, a fave of mine, recently went out of business.
Anything related to housing right now appears to be toxic. I even read an article in the Washington Post about how garden centers are doing all they can to get people to spend money on the stuff around their homes. Discounts are big, so get thee to the nursery soon!
But getting back to the jobs number. Nearly half a million jobs gone from one sector alone, and yet you don’t hear so much about jobs in all the talk from lawmakers and policy-makers. It’s all about homeowners/borrowers and bailouts. I wonder if we’re not missing something here.
Questions? Comments?
Data is a real-time snapshot *Data is delayed at least 15 minutes