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.
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