Real Estate Struggles Despite Liquidity Driven Recovery

Real estate remains a sore spot for the liquidity-driven recovery. As I have suggested in previous commentary, it will take years (decades) for real estate to recover.

Housing Starts And Change YOY


Headline: New-home construction plunges in February

Builders broke ground last month on the fewest homes in nearly two years, a reflection of declines in home prices and diminished demand that has made it difficult for them to compete.

The Commerce Department says home construction plunged to a seasonally adjusted 479,000 homes last month, down 22.5 percent from the previous month. It was lowest level since April 2009, and the second-lowest on records dating back more than a half-century.

The building pace is far below the 1.2 million units a year that economists consider to be healthy.

Source: finance.yahoo.com