tag:blogger.com,1999:blog-11719208.post5183310371753652876..comments2023-11-05T04:36:14.223-08:00Comments on The Mess That Greenspan Made: Housing starts plungeTimhttp://www.blogger.com/profile/16530974968126497397noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-11719208.post-508199925091141782008-10-17T21:13:00.000-07:002008-10-17T21:13:00.000-07:00There is a substantial lag time involved in buildi...There is a substantial lag time involved in building a house before construction even begins -- purchasing the land, design, permits, contracting, etc.<BR/>Methinks a good portion of houses being built now were conceived in sunnier times before the current woes became apparent.<BR/>Expect these stats to drop further and stay down for years.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-11719208.post-27085610113831011332008-10-17T11:05:00.000-07:002008-10-17T11:05:00.000-07:00Relative to prior years, the fewest houses are bei...Relative to prior years, the fewest houses are being built in the areas that had the biggest bubbles. <BR/><BR/>I used to think that there was some minimum level of construction required to keep up with population growth, but housing starts going to zero sometime in the next year wouldn't surprise me now.Timhttps://www.blogger.com/profile/16530974968126497397noreply@blogger.comtag:blogger.com,1999:blog-11719208.post-45924114779061020522008-10-17T08:37:00.000-07:002008-10-17T08:37:00.000-07:00It's a wonder that any are being started at all. A...It's a wonder that any are being started at all. Are the starts concentrated in areas where the market didn't bubble nad hasn't crashed? Are many of them replacements for old houses whose economic lives have finished? Or are there still economically booming areas where new houses are still needed?Anonymousnoreply@blogger.com