trrenter_IHB
New member
<p><em>Shulman lowered his forecast for housing starts to an annual rate of about 1 million to 1.1 million, down from a range of 1.2 million to 1.3 million.</em></p>
<p><em>That outlook is less optimistic than one presented Tuesday by </em><a class="iAs" style="FONT-WEIGHT: normal; FONT-SIZE: 100%; PADDING-BOTTOM: 1px; COLOR: darkgreen; BORDER-BOTTOM: darkgreen 0.07em solid; BACKGROUND-COLOR: transparent; TEXT-DECORATION: underline" target="_blank" itxtdid="4042363" href="http://www.msnbc.msn.com/id/20730894/#"><em>the National Association of Realtors</em></a><em>, which projected construction of new homes will fall to 1.4 million this year from 1.8 million last year.</em></p>
<p><em>Shulman also expects housing prices to plunge 10 percent to 15 percent before they start to recover, sometime in 2009.</em></p>
<p><em>That outlook is less optimistic than one presented Tuesday by </em><a class="iAs" style="FONT-WEIGHT: normal; FONT-SIZE: 100%; PADDING-BOTTOM: 1px; COLOR: darkgreen; BORDER-BOTTOM: darkgreen 0.07em solid; BACKGROUND-COLOR: transparent; TEXT-DECORATION: underline" target="_blank" itxtdid="4042363" href="http://www.msnbc.msn.com/id/20730894/#"><em>the National Association of Realtors</em></a><em>, which projected construction of new homes will fall to 1.4 million this year from 1.8 million last year.</em></p>
<p><em>Shulman also expects housing prices to plunge 10 percent to 15 percent before they start to recover, sometime in 2009.</em></p>