Tag Archives: Lower housing starts is a great thing
Builders are suffering, but the wider housing economy will benefit by this reduction in adding inventory.The market needs to work its way through the excess inventory…. In the Charlottesville region, there are nearly nine months of inventory -I’m looking forward to Albemarle’s 3rd Quarter building permit report. In the meantime – this is a good discussion at cvillenews last month debating such growth issues.Pay less attention to the breathless analysts and read cogent, clear analysis from people like Noah and Pat.CR says:Even with the declines in permits and starts, this report shows builders are still starting too many projects. Starts will probably continue to decline in coming months.Finally, you’ve gotta love the Economist.