rssHousing Starts Jump Unexpectedly
Tuesday, September 21, 2010 at 10:53 am
- 7 Comments
Some good news for the housing market: Building starts on new homes climbed 10.5 percent in August, the Census Bureau announced this morning. Construction ramped up to an annualized pace of 598,000 homes, the highest rate since early spring. Economists had expected starts to decline slightly.
But at The Atlantic, Daniel Indiviglio builds the relevant chart. Starts remain low — appropriately low — given the weakness in the housing market. They are just 2.2 percent higher than the pace from a year ago. Given the overhang of foreclosed homes and the fact that the United States just came through the wake of a massive housing bubble, building should remain low for some time.
Follow Annie Lowrey on Twitter
7 Comments
Pingback posted September 22, 2010 @ 9:13 am
[...] View full post on The Washington Independent [...]
Trackback posted October 19, 2010 @ 9:42 am
Housing Starts Jump Unexpectedly « The Washington Independent…
I found your entry interesting do I’ve added a Trackback to it on my weblog :)…
Trackback posted October 19, 2010 @ 10:38 am
Housing Starts Jump Unexpectedly « The Washington Independent…
Here at World Spinner we are debating the same thing……
Trackback posted October 20, 2010 @ 8:00 am
Housing starts up unexpectedly in September…
WASHINGTON — Home construction rose slightly last month on the strength of single-family homes, but the market was still too weak to propel growth in the battered industry. Construction of new homes ……
Comment posted May 17, 2011 @ 6:40 am
I like it very much, thank you
???
???
???
???
???
???
???
???
Comment posted May 17, 2011 @ 6:40 am
I like it very much, thank you cheap custom jerseys
RSS feed for comments on this post.
Sorry, the comment form is closed at this time.
