Housing Starts Rise

Posted July 19, 2011

Considering that this one originates from the NRA, you’d expect a little positive spin here and you get a bit.

Good news is that single family starts rose 9.4% last month, and the bad news is that it’s still about half the 1.2 million starts that is considered a healthy market. Still though, we’ll take increase versus decrease.

Multifamily is up about 30%, which is pretty strong growth, but remember, that we’re coming back from just about nothing for 30 months. Multifamily is now at its highest level since October 2008.

Realtormag.realtor.org – Daily News – Builders Optimism Grows Housing Starts Rise

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