|
|
Home >
Overseas Property News
|
US housing starts hits new low
Country: United States
22 January 2008
Construction companies in the United States broke ground on the fewest residential units on record in December due to a fall in demand and a lack of liquidity in the market, economists have projected before reports out this week.
Housing starts fell 2.7% last month to an annual rate of 605,000, the lowest level since the Commerce Department started compiling data in 1959, according to the average estimate in a Bloomberg News survey. Building permits, a sign of future projects, are also expected to have dropped to a record low.
Builders, whose shares have lost 76% of their value over the last three years, are cutting US property prices in order to compete a record number of repossessed homes coming on to the market.
President Barack Obama is expected to try and boost the housing sector by pumping around $100bn (£720bn) in financial-rescue funds to ease the mortgage crisis.
"Starts and permits will continue to drop over the first half of this year," said Nigel Gault, chief United States economist at IHS Global Insight in Lexington, Massachusetts. "A second half rebound is likely, provided financial markets continue to thaw and interest rates remain low."
The housing-starts report for December is due on Friday.
Construction of new homes fell 21% in November to a 625,000 annual rate.
Residential starts are expected to slump another 29% in 2009 after dropping an estimated 33& in 2008, according the National Association of Realtors.
View other property news affecting the property market in USA, articles about investing and buying property in USA, or view our range of property in USA.
See Also: USA
Some properties in United States
|
|
|
|
Price: £11,250
|
Type: House
|
Bedrooms: 8
|
|
|
MORTGAGE OFFERED on this fully let high yield Income producing investment property consisting of 2 FULLY LET 4 BEDROOM DUPLEXES WITH SEPARATE STREET ENTRANCES,full purchase+Management service provided buy this property safely from any part of the
|
|
View details | Enquire further
|
|
|
|
|
|
|
Price: £12,500
|
Type: House
|
Bedrooms: 3
|
|
|
$20,000 buys this High yield Income investment producing 28% annual return after fixed costs consisting of THREE RENTAL APARTMENTS, unbelievably low price full purchase+Management Service provided buy this property safely from any part of the world
|
|
View details | Enquire further
|
|
|
|
|
|
|
Price: £12,500
|
Type: House
|
Bedrooms: 4
|
|
|
23% Net return after fixed running costs from this fully let investment consisting of two apartments in area of high rental demand a full purchase & management service provided, buy this property & have it managed from any part of the world Inquire
|
|
View details | Enquire further
|
|
|
|
|
|
|
Price: £12,500
|
Type: House
|
Bedrooms: 5
|
|
|
$20,000 buys this High yield Income investment producing 35% annual return after fixed costs consisting of THREE RENTAL APARTMENTS at unbelievably low price full purchase+Management Service provided buy this property safely from any part of the
|
|
View details | Enquire further
|
|
|
|
|
|
|
Price: £13,564
|
Type: House
|
Bedrooms: 2
|
|
|
GUARANTEED INCOME,22% net return instantly. Paid by the US Government via the section 8 program on this registered investment property.
|
|
View details | Enquire further
|
|
|
|
|
|
|
Price: £15,440
|
Type: House
|
Bedrooms: 2
|
|
|
This Property has long term tenants paying $500 per month.
It is Located in Rochester the Third Largest City in NY.
|
|
View details | Enquire further
|
|
|
|
|
|
|
Price: £15,502
|
Type: House
|
Bedrooms: 3
|
|
|
11218 Kenmoor Street, Detroit, MI 48205 comprises a 3 bedroom bungalow built in 1941 and recently refurbished to a high standard which has tenants moving in to generate a great genuine net yield of 22.24%.
|
|
View details | Enquire further
|
|
|
|
|
|
|
Price: £15,502
|
Type: House
|
Bedrooms: 3
|
|
|
3 bedroom bungalow built in 1941 and recently refurbished to a high standard. It has just been refurbished to a high standard and has tenants moving in to generate a great genuine net yield of 22.24%.
|
|
View details | Enquire further
|
|
|
|
|
|
|
Price: £16,122
|
Type: House
|
Bedrooms: 3
|
|
|
We are pleased to offer a selection of tenanted buy to let homes in Buffalo and Rochester, New York from just $25,000 with genuine net yields of 16% to 23%. Cash buyers should take advantage now.
Thjis property is just one example.
|
|
View details | Enquire further
|
|
|
|
|
|
|
Price: £16,250
|
Type: House
|
Bedrooms: 4
|
|
|
High yield Income producing investment property producing 29% annual return after fixed running costs when fully let, consisting of 2x2 bed apartments situated in a good rental location of high demand, Full Purchase & Management Service, easy to
|
|
View details | Enquire further
|
|
|
|
|
|
|
|
