Good news: Government report shows construction of new homes jumped 22% in February 2009
I am not surprised that in Money Magazine’s online latest article statistics show a 22% jump in new home construction:
http://money.cnn.com/2009/03/17/real_estate/housing_starts/index.htm?postversion=2009031709
Not surprisingly new construction of single-family homes increased 1.1% to an annual rate of 357,000 versus 353,000 in January which is significant. Construction of single-family homes is considered the core of the housing market so this increase is significant and is a sign that today’s housing market is slowly but surely improving.
