Housing Not Moving
October 20, 2009 Leave a comment
Slow housing starts as reported in the BBC today. It is hard not to think that this doesn’t help our city’s prospects.
“It doesn’t bode too well. We really want to see an uptick here, as obviously housing is so important,” said Dan Cook at IG Markets.
“If we can get more starts, we’re putting more people to work and that would be very positive, and unfortunately we just didn’t see that today.”
New applications for building permits, considered a good sign of future activity, fell by 1.2% in September.Hous