It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
72 percent of major metro areas saw an increase in foreclosure volume. Although some of the worst hit areas in Nevada, California and Florida improved from 2009, the foreclosure rate in these areas remains shockingly high. If not for foreclosure suspensions due to the robosigning scandal, these numbers would have been higher. For a frightening way to visualize the foreclosure crisis, we're borrowing a Google maps technique described by Barry Ritholtz. Read more: www.businessinsider.com...
WASHINGTON (MarketWatch) - The start of construction on new U.S. homes fell 10.6% in April to an annual rate of 523,000, while permits declined 4.0%, the government reported Tuesday. Housing starts in March were revised up to 585,000 from an original reading of 549,000, according to Commerce Department data. Economists surveyed by MarketWatch had expected housing starts in April to climb to an annual rate of 575,000 on a seasonally adjusted basis. Permits for new construction, viewed as a gauge of future demand, fell to an annual rate of 551,000 from March's upwardly revised level of 574,000. Permits for single-family homes, which account for three-quarters of the housing market, dropped 1.8% to an annual rate of 385,000 last month.