Remodeling Activity Declines In Second Quarter, Consistent With Overall Housing Downswing from National Assoication of Home Builders Remodeling activity slowed slightly in the second quarter of 2007, according to the National Association of Home Builders’ Remodeling Market Index. The current market conditions component slipped from 46.1 to 44.8 on a seasonally adjusted basis and the future expectations measure declined by more than two points to 44.1... read more
Homeownership Rates Continue to Slip from BuilderOnline.com The Census Bureau released figures last week showing that the country's homeownership rate had fallen for the fourth consecutive quarter, to its lowest level since 2003. The news lent statistical ballast to the fear that the subprime mortgage meltdown, which is seeping into the prime market, could be undermining federal housing policy that, for the past 20 years, has relentlessly encouraged and promoted the American Dream... read more
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