real estate bubble

The Role of New Home Builders in the Housing Bubble

Fri, 10/24/2008 - 8:32am — Paul_Lukasiak

While there are many factors that explained the “housing bubble”, one culprit is the “new home” industry itself, which stopped building “affordable” homes..

· Nationally, in the first quarter of 2005, 31,000 new homes priced under $125,000 were sold. In the first quarter of 2006, that number had declined to 18,000 homes, and by fourth quarter 2007 that number was down to 8,000.

· The number of new homes sold in the $125k-$249,999 range declined from 34,000 in first quarter 2005 to 26,000 in first quarter 2006, declining to only 14,000 by fourth quarter 2007.

· And for the $150k-$199,999 range, sales fell from 66,000 in first quarter 2005 to 57,000 in first quarter 2006, before plummeting to 33,000 by fourth quarter 2007.

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22:03:36 Valley Girl I'd sure like Bruce Dixon's take on the Conyers comments. Just emailed him.
21:03:43 lambert Thanks, Jeff.
18:16:03 Jeff W lambert, I wrote to NOW about that Elizabeth Warren video not playing and got a response of sorts back, which I sent to you as a private PM. Just FYI.
02:28:28 hipparchia the first thing they told us my volunteer training: humans are natural born rescuers.
00:18:34 lambert One more study... [url]
23:57:37 lambert Joe Bageant is god. [url]
01:00:54 lambert The actuary was a whistleblower under Bush, too. [url]
00:47:48 hipparchia that's ok, jason stands ready to help smear the actuary quoted in that wapo article [url]
23:16:16 lambert Elders under the bus on Medicare, naturally. [url]
20:11:01 lambert 19:49:09 +100
20:10:18 lambert Capitalism in a world where we will throw as many taxpayers under the bus as necessary....
19:49:09 hipparchia elizabeth warren for president!
02:24:14 Jeff W Elizabeth Warren on the economy on PBS's NOW: you can watch it online here: [url] "If [Congress] gets it wrong, the country we knew is gone."
17:52:53 Davidson So, of course they're not going to show the truth about boxing her in from the beginning.
17:51:57 Davidson Yeah, that was just a comment in general, like, "Not even the RBC decision warranted scrutiny."
15:38:02 lambert That's not the RBC meeting, though. That's the smoking gun, beyond "Smart politics" (Wolfson).
14:17:16 Davidson Notice how everyone still avoids exposing the RBC decision
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10:04:26 lambert Jeff, thanks. Fixed.
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