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

To: Mick Mørmøny who wrote (41684)	9/20/2005 9:53:51 AM
From: Mick Mørmøny	Read Replies (1) \| Respond to of 306849

Housing Construction Falls for 2nd Month By THE ASSOCIATED PRESS Published: September 20, 2005 Filed at 8:33 a.m. ET WASHINGTON (AP) -- Construction of new homes edged down in August for a second consecutive month, providing evidence that the nation's red-hot housing market may finally be cooling a bit. The Commerce Department reported that construction of new new homes and apartments dropped 1.3 percent last month after a decline of 1.5 percent in July. The decrease was larger than had been expected and it marked the first back-to-back declines in housing starts in 17 months. Analysts have for some time been forecasting that the super-charged housing market would slow, but they are not forecasting a repeat of the dramatic plunge in stock prices that occurred in 2000 with the bursting of a speculative bubble. nytimes.com