Commercial Real Estate

Housing starts took another dive in November, falling
another 3.7 percent from the revised October estimate of 1,232,000
starts. Even worse, the seasonally adjusted annual November rate of
1,187,000 starts is 24.2 percent below the 1,565,000 annualized rate of
residential construction initiated in November 2006.

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Mortgage Rates Rise While Application Activity Plummets

Mortgage
interest rates took a jump upward during the week ended December 13
and December 14 according to information released by Freddie Mac and the
Mortgage Bankers Association respectively.

Mortgage applications activity was weak; the
seasonally adjusted measure of volume was…

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Comercial Real Estate

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