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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Tradelite who wrote (26091)	12/17/2004 11:59:41 AM
From: Tradelite	Respond to of 306849

Some quotes from today's housing story in Wash Post Business section.... <<"Housing is leveling off," said Michael Carliner, another economist at the home builders' group. "It's not going to be able to drive the economy like it has." At the same time that starts dropped so precipitously, though, building permits, a sign of future building activity, declined just 1.5 percent. "When you see this big of a gap between permits and starts, it almost always involves a weather problem, Seiders (an economist at homebuilders' association) said. "The level of permits is still very good. Builders in the Washington area, however, remain bullish about business prospects for the coming year. According to Robert Toll of Toll Brothers: "The Wash DC market is spectacular, one of the best in the country......... Toll's VP for the Maryland/Virginia region, Cory DeSpain, said demand for new homes in the region is stronger than the company's production capacity....As a result, Toll's prices went up more than 20 percent in 2004 and are expected to increase by a similar amount in 2005.>>