New Housing Market Slowing Down?

For the second month in a row, developers have slowed down the pace of building new homes.

1 minute read

July 21, 2005, 8:00 AM PDT

The housing market is one of the most vibrant sectors in the US economy, providing jobs and investment savings to millions of americans, so any changes in the pace of new building are closely watched. "This is basically a temporary cooling in housing activity," says Anthony Chan, an economist at JPMorgan Asset Management in Columbus, Ohio. "I think it's premature to say we've turned the corner on housing." If the pace of housing is slowing, says Mr. Chan, "the latest [federal reserve] report should provide some comfort to policymakers - not because Greenspan wants housing to collapse, but because it may be showing that housing reacts to monetary policy."

Thanks to Zvi Leve

Read the full story: Rapid pace of home-building slows down

Wednesday, July 20, 2005 in The Christian Science Monitor

Housing United States

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching. Mary G., Urban and Environmental Planner

I love the variety of courses, many practical, and all richly illustrated. They have inspired many ideas that I've applied in practice, and in my own teaching.

Mary G., Urban and Environmental Planner

Get top-rated, practical training for planners

Start Learning

Advertise with us

FREE Course: Walkable City 1: Why Walkability?

After describing his path towards focusing on walkability as the essence of good planning, Jeff Speck marches through his five principal reasons for making more walkable places.