The Real Deal Miami

Paulson upbeat on housing market

July 09, 2008 12:14PM

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.