
{"id":4063,"date":"2008-11-25T12:49:05","date_gmt":"2008-11-25T20:49:05","guid":{"rendered":"http:\/\/www.carrborocitizen.com\/main\/?p=4063"},"modified":"2008-11-25T12:49:05","modified_gmt":"2008-11-25T20:49:05","slug":"housing-starts-not-exactly-starting","status":"publish","type":"post","link":"https:\/\/www.ibiblio.org\/carrborocitizen\/main\/2008\/11\/25\/housing-starts-not-exactly-starting\/","title":{"rendered":"Housing starts not exactly starting"},"content":{"rendered":"<p><strong>Margot Carmichael Lester<\/strong><br \/>\n<em>Staff Writer<\/em><\/p>\n<p>It\u00e2\u20ac\u2122s all doom, gloom and pestilence if the latest housing data from the National Association of Homebuilders is to be believed. <\/p>\n<p>Overall housing starts for October declined 4.5 percent to a seasonally adjusted annual rate of 791,000 units \u00e2\u20ac\u201c and 38 percent less than October 2007\u00e2\u20ac\u2122s 1,182,000 units. That\u00e2\u20ac\u2122s the slowest pace on record since the U.S. government began tracking housing data in 1959.<br \/>\n<!--more--><br \/>\nThe picture was no better in our neck of the woods, according to figures from the Home Builders Association of Durham, Orange &#038; Chatham counties. <\/p>\n<p>\u00e2\u20ac\u009dThrough the end of October 2008, single-family detached housing starts are down 39 percent compared to the 12 months ending [in] 2007,\u00e2\u20ac\u009d says Nick Tennyson, the association\u00e2\u20ac\u2122s executive vice president. <\/p>\n<p>\u00e2\u20ac\u0153We finally got to the point where the issues that had been affecting the rest of the country began affecting us,\u00e2\u20ac\u009d he says. As a result of the mortgage and foreclosure crises, \u00e2\u20ac\u0153builders that would have five or 10 spec houses under way went to zero.\u00e2\u20ac\u009d But, he says, things may be looking up. \u00e2\u20ac\u0153I just heard last week from a builder who sold five houses, so the market still has activity,\u00e2\u20ac\u009d he notes. \u00e2\u20ac\u0153I think we\u00e2\u20ac\u2122ve gotten to the bottom.\u00e2\u20ac\u009d<\/p>\n<p>That\u00e2\u20ac\u2122s why Tennyson is bullish on the area housing market. <\/p>\n<p>\u00e2\u20ac\u0153People should avoid buying into the \u00e2\u20ac\u0153there\u00e2\u20ac\u2122s no money\u00e2\u20ac\u009d mentality,\u00e2\u20ac\u009d he says. \u00e2\u20ac\u0153There are a whole lot of people who want to help you figure out how to make a purchase, from builders to mortgage lenders to real estate agents. Especially if you\u00e2\u20ac\u2122re looking to buy in Orange County, it seems to me that now is the time.\u00e2\u20ac\u009d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Margot Carmichael Lester Staff Writer It\u00e2\u20ac\u2122s all doom, gloom and pestilence if the latest housing data from the National Association of Homebuilders is to be believed. Overall housing starts for October declined 4.5 percent to a seasonally adjusted annual rate of 791,000 units \u00e2\u20ac\u201c and 38 percent less than October 2007\u00e2\u20ac\u2122s 1,182,000 units. That\u00e2\u20ac\u2122s the&#8230;<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-4063","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/www.ibiblio.org\/carrborocitizen\/main\/wp-json\/wp\/v2\/posts\/4063","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.ibiblio.org\/carrborocitizen\/main\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ibiblio.org\/carrborocitizen\/main\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ibiblio.org\/carrborocitizen\/main\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ibiblio.org\/carrborocitizen\/main\/wp-json\/wp\/v2\/comments?post=4063"}],"version-history":[{"count":1,"href":"https:\/\/www.ibiblio.org\/carrborocitizen\/main\/wp-json\/wp\/v2\/posts\/4063\/revisions"}],"predecessor-version":[{"id":4064,"href":"https:\/\/www.ibiblio.org\/carrborocitizen\/main\/wp-json\/wp\/v2\/posts\/4063\/revisions\/4064"}],"wp:attachment":[{"href":"https:\/\/www.ibiblio.org\/carrborocitizen\/main\/wp-json\/wp\/v2\/media?parent=4063"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ibiblio.org\/carrborocitizen\/main\/wp-json\/wp\/v2\/categories?post=4063"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ibiblio.org\/carrborocitizen\/main\/wp-json\/wp\/v2\/tags?post=4063"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}