Notes on Housing Stabilization

Barry Ritholtz:

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.

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This page contains a single entry by Jim Zellmer published on October 28, 2006 11:06 AM.

A Closer Look at New Home Sales Data was the previous entry in this blog.

Newspaper Circulation Continues to Decline is the next entry in this blog.

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