Mortgage originations drop, housing starts jump

The U.S.’s big four banks reported that they’ve written 24% less in mortgages than the same quarter last year — $175.4 billion in Q3 2011 vs. about $231 billion in Q3 2010.

Meanwhile, the Census Bureau says that housing starts were probably up in September compared to a year before. (Why “probably”? Because the figure is up 10.2%, but that’s plus/minus 13.3% — so the margin of error is bigger than the jump itself.)

Read the details at Calculated Risk.

About Andrew Kantor

Andrew is VAR's editor and information manager, and -- lessee now -- a former reporter for the Roanoke Times, former technology columnist for USA Today, and a former magazine editor for a bunch of places. He hails from New York with stops in Connecticut, New Jersey, Cincinnati, Columbus, and Roanoke.
This entry was posted in The Buzz. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *