Feb 28 2006
Number of Unsold Homes Hits Record High
A report showed that there is a large home backlog building. With sales lagging, the recent warm January increase in building activity left a total of 528,000 new homes still for sale at the end of the month, a nine-year high.
Meanwhile, a survey of business economists says they expect the economy to roar back from the Hurricane related weakness of the fourth quarter of 2005.
And then there is gold, which Bloomberg says may approach a 25 year high after its already hit its highest point since 1981….
What’s this mean? Vigilant investors are monitoring it!
