Surprising all the real estate analysts, the number of new housing starts in October fell off the cliff in October.

Permits to build single family homes, apartments and condominiums fell 10.6 percent from September.  Year over Year, the numbers are even more dramatic.  Building permits in 2009 are down 30.7 percent from October 2008 levels.  It goes without saying that home builder sentiment is still at an all time low.

The Upside:  Fewer new home starts can be viewed as great news in the face of rising home inventories.  We have  months of excess supply of homes on the market, already. 

Thank you for visiting Why6Percent.com.  Our job is helping for sale by owners market their property and save money.   Our fsbo packages reach 10 million home shoppers each month.  Call 1-800-381-9496.  We can Help You, Too.