Mixed Signals in Housing

New home construction numbers were released today by the Commerce Department. February housing starts improved over the steep decline in January. However, just like we’ve seen over the past few months, there were mixed signals. Building permits which are an indicator of builder confidence declined. Permits have now declined 12 out of the past 13…

Sub-Prime Mortgage Industry Implodes

Wow! The past two weeks in the mortgage industry have been wild. Sub-prime lenders are scared to death. Several more companies have gone out of business. All of the others are quickly tightening their guidelines. Stock prices have plummeted and employees are scrambling. I honestly believe most people saw this coming. We certainly did. What’s…