New Home Construction at 14 year low
According to the Commerce Department, construction of new homes last month fell to a 14 year low.
According to a report on Wednesday, construction of new homes fell 10.2 percent from August. That was the slowest building rate since March 1993 and much higher than the 4.2 decline economists predicted.
Read more about new home construction at Sun Sentinel.
November 9th, 2007 at 7:03 pm
homebuilders stocks are at a bottom.they are not going out of business.this gloom and doom day after day is a great time to sell put options.also,a house and land is a commodity. all commodities will rise.
November 9th, 2007 at 7:12 pm
the gloom and doom every day enables selling put options on homebuilders and buying leap calls way out of money.homes,land are a commodity which will rise as we are in the beginning of a commodity boom es pecially that we are off the gold standard which makes continuous inflation