U.S. Housing Starts Fall to 2.009 Million Annual Pace in August

U.S. Housing Starts Fall to 2.009 Million Annual Pace in August

Bloomberg.com: "U.S. housing starts fell 1.3 percent last month, keeping construction on pace to surpass last year's total, which was the highest since 1978, a government report showed.

Builders broke ground on 2.009 million housing units at an annual rate in August compared with a revised 2.035 million the month before, the Commerce Department said today in Washington. Building permits, a sign of future construction, fell to a 2.124 million annual rate from 2.171 million in July."

Are McMansions Going Out of Style? - New York Times

Are McMansions Going Out of Style? - New York Times: "Are McMansions Going Out of Style? "

From the NYTimes, "'The Generation X-ers who are becoming home buyers right now want more amenities - and they are willing to trade away space to get them,' said Jerry Howard, vice president and chief executive of the National Association of Home Builders."

New edition of Construction Funding on the way!

Nathan Collier has agreed to update his classic guide to real estate development! The new edition should be available in fall of 2007. Watch this space for updates from the author, answers to reader questions, and links to current news which is effecting the real estate development field.