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October housing starts fall by half; San Diego, Riverside counties drive statewide construction slump

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October housing starts fall by half; San Diego, Riverside counties drive statewide construction slump admin 11-30-2006
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Posted by on November 30, 2006, 1:26 am
http://www.ng2000.com/news.php?tp=construction

Hoping to avoid flooding the market with a glut of new homes, builders
in San Diego and Riverside counties started construction on half as
many single-family houses in October as they did in the same month a
year earlier, a new California Building Industry Association report
shows.


Posted by Matt Barrow on November 30, 2006, 6:33 am

> http://www.ng2000.com/news.php?tp=construction
>
> Hoping to avoid flooding the market with a glut of new homes, builders
> in San Diego and Riverside counties started construction on half as
> many single-family houses in October as they did in the same month a
> year earlier, a new California Building Industry Association report
> shows.

Read: "Hoping to keep home prices high...."



Posted by dpb on November 30, 2006, 9:56 am

Matt Barrow wrote:
> > http://www.ng2000.com/news.php?tp=construction
> >
> > Hoping to avoid flooding the market with a glut of new homes, builders
> > in San Diego and Riverside counties started construction on half as
> > many single-family houses in October as they did in the same month a
> > year earlier, a new California Building Industry Association report
> > shows.
>
> Read: "Hoping to keep home prices high...."

More like "hoping to keep from having investment tied up and not
selling while meanwhile paying construction loan interest..."


Posted by Michael Bulatovich on November 30, 2006, 10:56 am

>
> Matt Barrow wrote:
>> > http://www.ng2000.com/news.php?tp=construction
>> >
>> > Hoping to avoid flooding the market with a glut of new homes, builders
>> > in San Diego and Riverside counties started construction on half as
>> > many single-family houses in October as they did in the same month a
>> > year earlier, a new California Building Industry Association report
>> > shows.
>>
>> Read: "Hoping to keep home prices high...."
>
> More like "hoping to keep from having investment tied up and not
> selling while meanwhile paying construction loan interest..."

AKA "losing your shirt"



Posted by Matt Barrow on November 30, 2006, 11:44 am

>
>>
>> Matt Barrow wrote:
>>> > http://www.ng2000.com/news.php?tp=construction
>>> >
>>> > Hoping to avoid flooding the market with a glut of new homes, builders
>>> > in San Diego and Riverside counties started construction on half as
>>> > many single-family houses in October as they did in the same month a
>>> > year earlier, a new California Building Industry Association report
>>> > shows.
>>>
>>> Read: "Hoping to keep home prices high...."
>>
>> More like "hoping to keep from having investment tied up and not
>> selling while meanwhile paying construction loan interest..."
>
> AKA "losing your shirt"
In CA?



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