Housing Starts Plunged 11.7% in October

U.S. housing starts unexpectedly plunged 11.7% in October to a 519,000-unit annual rate, weighed down by a 47.5% decline in apartment and condo construction. But building permits, a leading indicator of future housing construc…

The Case for a Housing Bottom in 2013-14

As the number of foreclosures continues to rise and more homeowners find themselves underwater, it’s hard to argue that housing values have ended their fall. But when will the market finally bottom out? It could take several mo…