Housing Starts fell in February as record snowfall in parts of the country hampered new construction; these numbers are down from the previous month. The south was hit the hardest as they are down 16 percent, New England down 9.6 percent and the West is actually up 7.9 percent. Although the numbers down, weather had a big part in the delay on the Spring Market. Foreclosures are also getting in the way of new inventory, a harsh way to put it, but until the housing market is back on track, mortgage rates should stay low.
Bill Nickerson
179 Great Road, Acton MA 01720
978.264.4803 (o) 978.273.3227 (c)
Providing Mortgages Since 1991
Commercial Residential Reverse FHA/VA
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