U.S. Treasury Secretary Henry Paulson is trying to look at the bright side of the housing market, saying that inventory of new single-family homes is down 21 percent since its peak in 2006. That number includes unbuilt new homes up for sale, which is down 36 percent since June 2006, and the number of partially completed new homes for sale, down 40 percent. However, inventory of completed new homes for sale is up 35 percent since June 2006.
Paulson upbeat on housing market
|Brock Development scores loan, breaks ground on Palm Beach Gardens hotel|
|The Weekly Dish: Bocce Bar’s space to become Skorpios restaurant & more|
|South Florida construction starts spike in January: report|
|Can a startup Miami brokerage make the flat-fee model work?|
|General Growth Properties raises its ownership stake in Miami Design District|