Thursday, October 13, 2005

The Real Estate Bubble That WAS

New home permits hit eight year low.  Residential permits for the first nine months of 2005 are down 9.3% from the same period last year, and down 17.8% from the peak in 1999.  New hoousing permits have dropped for two months in a row for the first time in 18 YEARS.  Wierd that gold is at an 18 year high?  I don’t think so.  These numbers according to the Keystone report from the Builders association of the Twin Cities, Minnesota.  The numbers reflect St.Paul Minneapolis.
Posted by The Golden Child in 04:36:14
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