Housing Market Boom Continues:
Thursday, July 14, 2005
Long Term Interest Rates Stay Low and Building is Up.
Low interest rate mortgages and strong building numbers, with a significant backlog, are fueling the continued housing boom. “We still have a red-hot housing market,” said David Seiders, chief economist of the National Association of Home Builders. “Surveys of both lenders and builders are showing tremendous ongoing strength with little or no hints that anything is starting to fall.”
Construction starts increased by 12.3% in the West, with an annual rate of 540,000 units. Strong housing permit and construction growth signals a continued strong real estate market in the West.
Reno Gazette Journal
posted by author @ 9:53 PM,
