New house starts are up for March and up for the first quarter of 2010. That’s good news for a realtor, we have a real shortage of homes to sell in the region; they’re selling too fast (and driving the prices up). We need the inventory. We need balance.
But just to keep things real here, for perspective, last year at this time is when the economy really hits the skids, builders stopped building, the Waterloo Region Record was reporting the end of the world as we know it (especially for real estate, it seemed to me).
I think the habit we have of comparing this year to last year is great for creating stats, for drama, for selling newspapers but is too short a time period for any real meaning. That’s all I’m saying.