Housing Fundamentals Improve
The pace of home sales picked up in the fourth quarter and, combined with
the low level of new housing starts, reduced the glut of homes for sale on
The result was that the measures of months' supply of homes available for
sale are down from recent peaks and are within striking distance of their
Builder sentiment improved mildly in February, and we expect that sales
activity will increase in 2010 as labour market conditions improve.
I hope this finds you Happy and Healthy!
All the Best!
A. Mark Argentino
P. Eng. Broker
Specializing in Residential & Investment Real Estate