« A Closer Look at New Home Sales Data | Main | Newspaper Circulation Continues to Decline »
Barron's Alan Abelson cites research by Merrill Lynch's David Rosenberg regarding the recent "stabilization" in Housing. It turns out that the only thing which is stabilizing is inventory -- but at extremely high levels.To get inventory numbers down to a balance between supply and demand requires a 10% drop in home prices (and hence, more sales), and a 20-25% drop in new Home Starts.
This page contains a single entry from the blog posted on October 28, 2006 11:06 AM.
The previous post in this blog was A Closer Look at New Home Sales Data.
The next post in this blog is Newspaper Circulation Continues to Decline.
Many more can be found on the main index page or by looking through the archives.