Housing Starts Pull Back
New Home Sales Activity Softens

Every market is a little different. If you read my blog about building activity in the Progress Report, you will see that Alexandria, MN picked up about 20% in new home construction. Nationwide, the prediction is to be just under double-digit increase.

What is interesting to note is the Inventory of New Homes for Sale. I have been tracking this since 2006 when it was around 560,000. Currently, it is at a RECORD LOW of 150,000 units. Keep your eye on the pendulum.

Source: Wells Fargo Securities