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

To: patron_anejo_por_favor who wrote (27248)	2/16/2005 7:32:32 PM
From: nextrade!	Read Replies (1) \| Respond to of 306849

Finally, a top <G> No Stopping Housing Boom thestreet.com By TSC Staff 2/16/2005 8:51 AM EST The housing sector remained on solid ground in January, once again defying long-running predictions of a slowdown. Housing starts rose 4.7% to an annualized rate of 2.16 million units, a 21-year high, according to a government report. In addition, a key indicator of future construction plans was also strong, as building permits rose 1.7% to 2.1 million units. Both readings from the Census Bureau Wednesday exceeded the consensus forecasts of economists calling for levels of 1.93 million and 2.0 million units, respectively. Construction of new single-family homes climbed 2.7% to a record annualized rate of 1.76 million units. Permits and starts for December were revised sharply higher. The resilience of the housing sector has surprised many economists who expected the Federal Reserve's committment to higher interest rates to slow growth. However, long-term market interest rates, which determine many mortgage rates -- most notably the 10-year Treasury note -- are not that much higher than a year ago, despite a series of hikes in short-term rates.