WASHINGTON - New and existing home sales set a record in 1999, according to a report recently released by the Department of Housing and Urban Development (HUD). The report, "U.S. Housing Marketing Conditions 4th Quarter Report", showed that for the year, new home sales were up 2% from 1998; existing home sales increased 5% from 1998; housing permits were the highest they've been since 1986; and housing starts were also at their highest level since 1986. In addition, the home ownership rate stood at 66.8%, up from 66.3% in 1998. HUD credits the strong economy "created by Clinton Administration policies" for driving up home sales and home ownership. There were 8.7 million more homeowners at the end of 1999 than when Clinton took office in 1993.
Home ownership hits record high in 1999
Comments
- CAMEL Disclosure: Matz Says N.C. Regulator ‘Violated the Trust’
- CAMEL Disclosure: Former Examiner Says Ratings Release 'Stupid'
- CAMEL Disclosure: Cheney Urges NCUA, N.C. Resolution
- CAMEL Disclosure: N.C. League Says Dual Exams 'Harsh, Unnecessary'
- CAMEL Disclosure: N.C. NCUA Exams Called 'Tempest in a Teapot', 'Blitzkrieg'
Resource Center
View All »How Enterprise Software Helps Financial Services Firms Improve Efficiency and Reduce Costs
This white paper describes how enterprise software solutions, when built on a flexible and adaptable technology platform, can help financial services firms streamline workflows, consolidate...
Getting Ready for IFRS
This white paper describes how your company can make the transition to IFRS in a timely and cost efficient manner as well as what your...
