Tuesday, February 18, 2014

Darker U.S. homebuilder mood not just due to bad weather - Yahoo Finance

Darker U.S. homebuilder mood not just due to bad weather - Yahoo Finance: Jed Kolko, Trulia's chief economist, said because cities such as Las Vegas, Miami and Phoenix still have many vacant homes, those existing houses - rather than the weather - have been one of the biggest drags on the construction of new single-family homes, which account for roughly two-thirds of the U.S. housing market.
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Many of those vacant homes depressing this sector of the economy are in Privatopia.

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