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Housing Starts are Down…Sales are Up!

By SaintGeorgeHomes.net

Housing starts fell 10.8% in March, a misery sign that economists say means housing construction will not make a big turnaround soon (this is good). Construction of new homes and apartments fell to a seasonally adjusted annual rate of 510,000 units, the Commerce Department said Thursday. That was the second-lowest rate in the department’s records, which go back 50 years. Applications for building permits fell 9% in March to a 513,000 seasonally adjusted annual pace, the lowest on record.

Reduced housing starts could help shorten the time necessary to clear the nation’s oversupply of available homes. The number of newly built homes for sale has shrunk from a peak of about 555,000 three years ago to about 300,000 today. New construction has fallen in part due to the difficulty builders have getting credit, consolidations within the industry, and the fact that home prices are often coming in below construction cost. See full story @ USAToday

Today is 4.17.09, and another great day in Saint George Utah…in an attempt to keep up with the many request for different types of Southern Utah Real Estate Listings, I have posted a blog with live links for the different search criteria that I have received the most requests for.

• Southern Utah Foreclosures
• Southern Utah Adult Communities
• Southern Utah Golf Homes
• Washington City Utah Homes & Condos
• Santa Clara Utah Homes & Condos
• Southern Utah Horse Property
• Washington County Board Of Realtors Hot Sheet

This last handy little link will pull you into The Washington Country Board of Realtors MLS system. From there you can see the newest MLS listings on the WCBR MLS system as well as all price reductions…Knowledge is Power!

As of today April 17, 2009 there are currently on the Washington County Board of Realtors MLS system…

• 99 Active Southern Utah Foreclosures in Saint George Utah on the WCBR MLS system
• 162 Closed Southern Utah Single Family Homes & Condo’s in St George Utah, on MLS from 3/17/09 thru 4/17/09.
• 1,614 Active Single Family Homes & Condo’s in the Greater Saint George area of Southern Utah on WCBR MLS
• 287 Southern Utah Single Family Homes & Condos in the Greater Saint George area currently under contract or “pending”

In any event its off to Twitter…I have few Twitter names, and here are two: StGeorgeHomes or EquityStGeorge. I post these same stats there if you would like to get…”Just The Fact’s” Till Tomorrow. Saint George Homes.

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