Both mortgage rates and housing starts have reached new lows.
Dane County housing starts totaled 20 in December, down 74% from the 78 housing starts in December of 2007. Data comes from MTD Marketing Services of Wisconsin.
Here's how Dane County housing starts have stacked up for each of the last 10 Decembers:
- December 1999: 150
- December 2000: 125
- December 2001: 177
- December 2002: 178
- December 2003: 210
- December 2004: 202
- December 2005: 134
- December 2006: 68
- December 2007: 78
- December 2008: 20
That's an incredible drop. The 20 housing starts last month were down over 90% from the peak December in 2003.
You'll find our full housing start report, including a summary of the 2008 year, on the real estate trends page at DaneCountyMarket.com. A special thanks to Dominic Collar of MTD Marketing Services of Wisconsin, for allowing us to share his data. For more information, you can contact Dominic at 920/993-8435.
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