Home Page Home Page
Agents - Join here Add Property
Home > Property News > United States of America > US housing recovery suffers setback

US housing recovery suffers setback

US housing recovery suffers setback

The small green shoots of recovery seen in the USA real estate market in recent months appear to have been nipped in the bud by an unexpected fall in new home construction.

Figures published for October reveal new home construction dropped over ten and a half per cent into a yearly rate of 529,000 homes, covering both houses and apartments, making it the lowest level for six months,

Analysts studying USA real state are disappointed with the news as many felt the country was edging towards recovery. Concern is also being felt after information reports the consumer price index shows an increase of 0.3% fuelled by higher energy prices.

One expert felt the drop in construction may have been caused by the end of the tax credit incentive, originally due to cease at the end of this month.

© Copyright
Published: 20-Nov-09

Send My Property Requirements to Suitable Agents Worldwide

Keep Me Posted
Property Alerts

Property Search


Follow our news feeds on
Follow us on twitter

RSS feed of propertyworld's news updates 

RSS feed of our news

Related News Stories
  • Slight decline in US home sales (25-Apr-13)
  • Florida foreclosure sales remain high (13-Mar-12)
  • Drop in construction threatens US housing (24-Feb-10)
  • Home prices begin to calm in US (08-May-13)
    • News Archive
    News By Category
    Australia Property News
  • Prestige homes push forward Down Under
  • Shortfall in Sydney homes
  • Surprise cut in Oz interest rate
    • Bulgaria Property News
  • Positive outlook for Bulgarian real estate market
  • Bargain home buying in Bulgaria
  • Russian buyers bag a bargain in Bulgaria
    • Canada Real Estate News
  • Home sales up in Canada
  • Young Canadians struggle to buy first home
  • House sales up and down across Canada
    • Dubai Property News
  • Real estate recovery stalls in Abu Dhabi
  • Dubai hosts international property show
  • Dubai delivers higher home prices
    • France Property News
  • Bargain time to buy French property
  • Slow progress for French property market
  • French mortgage rates set to drop
    • Germany Property News
  • More Germans move into home ownership
  • Bank watches German property prices
  • Foreign investors move in to German commercial real estate market
    • Italy Property News
  • Victory for Italian holiday home investors
  • Italian property prices set to dip
  • Great time to buy holiday home in Italy
    • Miscellaneous Property News
  • Home sales remain strong in New Zealand
  • Hong Kong real estate sector set to cool
  • Huge growth forecast for global prime properties
    • South Africa Property News
  • More affordable housing needed in South Africa
  • Valuation objections in Cape Town
  • Home rentals soar in Cape Town
    • Spain Property News
  • House prices still in decline in Spain
  • New ruling for Spanish seaside homes
  • Spanish homes attract Chinese investors
    • UAE Real Estate News
  • Mortgage limits on hold in UAE
  • Oversupply pushes property prices down in Abu Dhabi
  • Saudi approves new mortgage rules
    • United Kingdom
  • UK asking prices on the rise
  • More UK lenders say yes to FTB’s
  • Brighter outlook for UK properties
    		•
    Home  |  About Us  |  Property News  |  Useful Links  |  Data Feeds  |  Property Listings  |  Site Map  |  Help  |  Privacy  |  Terms & Conditions
    Copyright © 2005 - 2013 PropertyWorld.com Designed and developed by MSO.net