DESPITE IMPROVEMENTS TO ECONOMY, FORECLOSURES CONTINUE TO DRAG DOWN HOUSING STARTS, PRICES

摘要

Home foreclosures decreased dramatically in 2011, but industry experts are cautioning that this is not a reflection of improvements in the housing market, but a result of legal, process and "robo-signing" issues. At the 2012 International Builders' Show in Orlando recently, Ed Sullivan, chief economist for Portland Cement Association, said that the 1.9 million foreclosures reported in 2011 is understated by more than 1 million due to the processing delays.