Wednesday, July 19, 2006

Housing Activity Simmering Down (link)

The housing market is cooling down, but it's only relative to last year's overheated industry.

By Wendy A. Jordan, CAPS

July 12, 2006—That red-hot growth in the housing market is cooling down, and industry economists are neither surprised nor greatly concerned. "We're going from unsustainable heat through much of 2005 ... into, hopefully, more sustainable levels of economic growth and housing market activity," said David Seiders, chief economist at the National Association of Home Builders.

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