18, observers will be watching for housing starts data on new registrations for the start of construction of new residential buildings. Housing starts reveal residential construction trends and a strong housing market is a bullish indicator for the stock market. Analysts anticipate a slight increase to about 913,000 in August from Julys 896,000. On Thursday, Sept. 19, housing watchers will also look for existing home sales on number of previously constructed homes, which account for the larger portion of the market.
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Housing Scorecard Suggests Improvement
Department of Housing and Urban Development (HUD) and the U.S. Department of the Treasury today. Improving market indicators include home prices, purchases of new homes, and sales of existing homes according to the report. As indicated in the August housing scorecard, the Administration continues to work to stabilize the housing market and help responsible homeowners get back on their feet, said HUD Deputy Assistant Secretary for Economic Affairs Kurt Usowski. With the number of underwater homeowners decreasing by more than 40%, it is clear that we are moving in the right direction.
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Is the Housing Recovery Over?
The housing market is cooling, sales are sluggish, and prices are flattening out. The recovery is over. The big banks can see the handwriting on the wall and are making the adjustments they think will maintain property management jobs in maryland profitability in a tighter rate environment. This is from an article by Christopher Whalen at Zero Hedge: Wells Fargo and Chase. both told the industry yesterday that things might become grim in their mortgage divisions.
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