US Home Price Index (HPI) fell 3.2% to 183.89 last Q, fr the same period a yr ago; its worst decline in its 20yrs' history and the pace of decline accelerated fr 1.6% in 1st Q. This may indicate tt US housing slump tt began in late 2005 may worsen.
Inventories of homes rose 5.1% last mth, boosting the overhang of supply. The large inventory cum tighter lending standards hv hurt 2/3 of the US' home builders business.
Thursday, August 30, 2007
US Home Price Index
Labels:
Jobs,
Residential,
Supply,
US
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