Starts Stumble. Heads Explode.

by Alex Stenback on April 19, 2005

One month does not indicate a trend, and we are coming off of record-high levels, but the latest housing starts data showing the biggest drop in 14 years is worth noting for the bubble watchers among us.
·Housing Starts Slide 18% [cnn.com]

But we’re not all doom and gloom. To lighten the mood, here’s some note-perfect bubble humor from the folks at Inman.com:
· "Everything’s fine, get in while you can!" [Video from Inman.com]

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Mortgage Report
April 20, 2005 at 1:50 pm

{ 2 comments… read them below or add one }

Beebs S April 19, 2005 at 2:20 pm

What are your thoughts on what this means to the Mortgage Industry?

Alex April 19, 2005 at 5:24 pm

Not sure that this single data point will have any significant impact. The industry as a whole will likely contract now that the refinance boom is all but over. A dip in housing starts is really a drop in the bucket compared to the impact rising rates will have on mortgage origination volume. We expect a lot of very good loan officers to be looking for work over the next 18 months.

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