Relevant:
- Housing Starts Plunge 30.6%
- Existing Homes Sales Record Biggest August Drop-EVER But Prices Keep Inflating - The Wall Street Examiner
- Builders Make Plea for Federal Aid
- JPMorgan to Sell $716.3 Million of Mortgage Bonds
- Home Builders Confidence Touches Record Low; Calls for Congressional Action Mount
2013-02-28 — bloomberg.com
Low mortgage rates, accelerating household formation and a shrunken supply of existing homes on the market are fueling demand for newly constructed residences after the worst housing slump since the 1930s. U.S. builders are turning to stock and bond sales to finance growth. The industry issued $6.3 billion of debt last year, the most on record and $2.8 billion more than the previous 2005 peak, data compiled by Bloomberg show.
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