Thursday, April 26, 2007

New-Home Sales Data Looks Good

The clearer skies in March lead to an increase in new-home sales according to the Commerce Department. Good news for the housing industry but it was not enough to offset the decline of January and February. The sale of single-family new-homes sold at a seasonally adjusted rate of 858,000. With durable goods big-ticket items rising also it is no wonder the Dow rose to record levels yesterday. Confidence seems high for the moment, though analysts say manufacturing remains under pressure from the slowing economy.
Read the article here.
Read the Commerce Departemnt report


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Wednesday, April 25, 2007

Foreclosure Numbers Out

Okay people, we have heard the stories and the news hipe about their increasing number, well now here are the numbers for the first quarter of 2007 from realtytrac.com. The number of foreclosures for the country is up 35% over last year and is the highest it has ever been at 437,498 filings. The number is up from 345,554 in the fourth quarter of 2006 and up from
323,101 in the first quarter of 2006. Will make a graph to track this information with the next data release. Meantime here it is in a table:


YearQ1Q2Q3Q4
2006323,101272,109318,355345,54
2007437,498

Read the article here.


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Monday, April 23, 2007

Future Wave: Green Houses?

With New Jersey not really experiencing its usual gradual transition from winter to summer-like temperatures (expected high today is 85 degrees last week we had snow) and Earth Day just yesterday, more people are noticing the effects of global warming. Addressing the issue of making buildings, both residential and commercial, more green friendly take a look at these 10 buildings the American Insitute of Architects picked as winners.
Winners Slide Show
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