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Housing Starts Rise

September 21, 2010

One of the key economic indicators is the number of housing starts that are recorded in a given month.  An article today from Housing Economics, a publication of the NAHB (National Association of Home Builders), discusses the positive direction in housing starts and is very good news for the economy:

Nationwide total housing starts rose 10.5 percent to a seasonally adjusted annual rate of 598,000 units in August, bringing the pace of production more in line with the level of construction activity before the popular home buyer tax credit temporarily stimulated housing sales earlier this year, according to U.S. Commerce Department figures released today.

Go here for the full article: http://www.nahbmonday.com/houseecon/issues/2010-09-21/index.html

Patty Cunningham
Realtor
Coldwell Banker Preferred
610-659-4669

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