The news this morning that single-family housing starts in the United States dropped 5.3 per cent to their lowest level since 1991 was not encouraging. Neither was a report from the National Association of Realtors that its index of future home sales unexpectedly dropped.
So far, we’ve managed to avoid most of the bad news associated with the housing collapse. Has that changed? I’ll have an answer in my August column, which will look at home prices in East Dallas and Lakewood in the first six months of this year. It’s a follow-up to the piece I wrote in January, looking at home prices in this area over the past five years.
And a bonus: It will also link to a chart with five-year home price data for the 20 ZIP codes that are in our four-magazine coverage area. The numbers, compiled by the indefatigable Ron Burch of Coldwell Banker, are quite intriguing.
