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Number Crunch

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Number Crunch


By Staff September 15, 2010
This article first appeared in the PB September 2010 issue of Pro Builder.

17

The number of consecutive months in which foreclosure filings exceeded 300,000, according to RealtyTrac. In July alone, more than 92,850 homes were repossessed.

432,000

The annualized rate of single-family home starts as of mid-August - its lowest level since May 2009 - after home starts fell 4.2 percent in July.

468

The number of acres of raw land in northern San Diego County that Standard Pacific Corp. now has the right to purchase, following a $150 million transaction that closed last month, according to the Wall Street Journal. It's the builder's biggest land deal since the 2006 market collapse.

2.6

The percent increase from June to July in the supply of homes available for sale in 26 major metro markets, according to ZipRealty Inc. - the seventh straight month-over-month increase.

6.31

The federal government's total tab to date for rescuing Freddie Mac after the troubled mortgage finance company requested $1.8 billion last month. The latest handout comes after Freddie Mac reported a second quarter loss of $4.7 billion.

72.3

The percent of all new and existing homes sold in the second quarter of 2010 that were affordable to families earning the national medium income of $64,400, according to the NAHB/Wells Fargo Housing Opportunity Index. The Q2 index dropped slightly from the record-high 72.5 percent in Q1.

7.5

The number of people employed by the average NAHB single-family builder member in 2009, according to data from the organization's census of its members. The same group averaged $1.36 million in business activity and 19 housing starts.

6.5 million

The dollar amount in gift cards that Lowe's has agreed to distribute as part of a class-action lawsuit settlement involving defective drywall. The lawsuit claims that the home improvement giant sold drywall that is said to cause a rotten-egg odor and tarnish metal, according to WSJ.

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