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Are we still trying to be positive?
March 20th, 2012 11:40 AM

I'm an optimist.  I look for silver linings whenever there is a dark cloud.  My optimism has gotten me through many a dark day.  I've been positive about the end of the housing crisis, and I've found many articles that suggest that the end is in sight.

Uh oh.  Here are some articles that suggest that maybe our positivism was premature or even misplaced.

CNN reports that some prognosticators who were looking at indices of new construction that have been projecting the end, have been artificially supported by companies not even involved in building.

Further, new reports are coming out that new construction, nationally, have dropped again after having seen gains during the past 12 months.

But there is a silver lining again in this last Wall Street Journal article.  This article does state that building permits are the highest they've been in 3.5 years, and that new construction of multi-family homes are up over 21%. Could these be the harbingers we're looking for?

 


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Posted by Micah Cranney on March 20th, 2012 11:40 AMPost a Comment

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