Housing starts and sales steady but key market drivers still falling
Abstract:
Housing starts and sales both increased slightly in the first quarter since last December. Over the same period, inventories of homes for sale declined significantly, homebuilders slowed work on homes under construction and the decline in home prices accelerated — a necessary condition for the market to recover.
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Housing starts and sales both increased slightly in the first quarter since last December. Over the same period, inventories of homes for sale declined significantly, homebuilders slowed work on homes under construction and the decline in home prices accelerated — a necessary condition for the market to recover.