TerryRohrer
Elite Member
- Joined
- Aug 13, 2005
- Professional Status
- Certified General Appraiser
- State
- Montana
"Recent data from the Census Bureau reveals housing starts fell 3.1% below September’s revised estimate, landing at a seasonally adjusted annual rate of 1,311,000 units. Building permits declined 0.6% from September, marking a 7.7% drop from October 2023."
"New home sales dropped by more than 100,000 units last month, reaching a seasonally adjusted annual rate of 610,000, data from the St. Louis Federal Reserve Bank shows. A month prior in September, 738,000 new units were sold, meaning new sales have dropped by 17.3 percent month-over-month."
www.newsweek.com
"In the spring of 2022, there were two open jobs for every unemployed person. Now that figure is just a little more than one. In other words, there aren’t as many opportunities out there."
"New home sales dropped by more than 100,000 units last month, reaching a seasonally adjusted annual rate of 610,000, data from the St. Louis Federal Reserve Bank shows. A month prior in September, 738,000 new units were sold, meaning new sales have dropped by 17.3 percent month-over-month."
New homes are not selling
Property market downturn as conditions become increasingly difficult for homebuyers.
www.newsweek.com
"In the spring of 2022, there were two open jobs for every unemployed person. Now that figure is just a little more than one. In other words, there aren’t as many opportunities out there."
