Readers - tell us about any stories you're hearing from the street - you, neighbors, etc... Nothing better than a good bubble story
The pace of home building slowed sharply in October as higher mortgage rates began to bite, a government report showed Thursday, in the latest sign that the housing boom may have peaked.
Housing starts fell to an annual rate of 2.01 million in October from a revised 2.13 million pace in September, the Commerce Department reported, while economists surveyed by Briefing.com had forecast a reading of 2.06 million.
November 17, 2005
Housing boom past its peak? October starts, permits fall more than expected in latest sign of softening real estate market.
Posted by blogger at 11/17/2005