Adam's Rib Ranch
Eagle, Colorado

One of Colorado’s finest exclusive golf communities, Adam’s Rib Ranch is a luxurious and expansive private mountain residential community sitting on 1,600 secluded acres in the Vail Valley and offering 99 multi-acre homesites. Learn More

Kukui'ula
Poipu, Hawaii

On 1,000 acres of the south shore of Kauai, Kukui’ula was conceived as a down-to-earth paradise, a private club with an open Hawaiian heart. Learn More

Haig Point
Daufuskie Island, South Carolina

Located off the coast of South Carolina between Hilton Head and Savannah, Georgia, Haig Point embraces southern family living and the Lowcountry lifestyle. Learn More

May 20, 2013

Why April’s downturn in housing starts doesn’t signal a cooling market

(NEW YORK, NY) We have become so used to good real estate news lately that a bad report can be jarring. Plus more than a few of us are still jittery thanks to the devastating nature of the most recent downturn. So last Thursday’s report that April housing starts fell (by 16.5%) to their lowest level in almost six months raised more than a few eyebrows. The Wall Street Journal helped put it all in perspective by pointing out that April drop was primarily due to the often-volatile multifamily sector, that permit activity was strong, and that house prices could continue to rise. The article concludes that “Thursday’s housing report isn’t as much a signal that the sector is cooling—at least not until there are a few more of these reports—and instead a sign that the housing rebound isn’t going to unfold in a straight line.”

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