NODs reached an all-time high in first-quarter 2009 of 135,431, a number that was inflated by activity put off from the prior four months. In the second quarter of last year, NODs totaled 124,562. The low of recent years was in the third quarter of 2004 at 12,417, when housing market annual appreciation rates were around 20 percent.
“The first signals of stabilization are going to come from new-homes sales, which we haven’t seen yet,” said Julia Coronado, a senior economist at Barclays Capital in New York. Housing “will be on a downward trend.” The Commerce Department’s construction report is due June 17. Housing starts dropped to a 17-year low 954,000 annual pace in.
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Home prices see biggest drop in 25 years Housing values fall 1.3 percent nationwide in the third quarter, according to a Freddie Mac survey. NEW YORK (CNNMoney.com) — National home prices showed their biggest quarterly drop in 25 years during the third quarter of 2007, said a report Tuesday.
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For housing, expect a mix of lower-rent apartments alongside modestly priced homes built in the ’70s. The closer you get to the suburbs, the higher the prices go. D A L L A S REG I O N N E W C O.
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Softwood Lumber Prices Slide Downward as More Sawmill Closures are Announced On November 24, 2005, the U.S. Commerce Department announced it would comply with a separate NAFTA panel’s order to cut a 16 percent duty on Canadian softwood lumber imports for now. The following month, the DoC announced recalculated countervailing and anti-dumping duties on softwood, totaling 10.8 percent.Hong Kong stocks recoup losses as developers shine hongkong market report news headlines for Today | Reuters – Hong Kong stocks recoup losses as developers shine. hong kong shares recovered most of their early losses and ended slightly lower on Thursday amid street protests, thanks to gains in real estate.
"A critical mass of new apartment buildings is opening in New York City, and developers are conceding more and more to renters in an effort to lease them up. Concessions – the industry term for free rent – by building owners were the second-highest on record, and nearly triple that of a year ago.
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