The most bearish of Wall Street economic analysts have made the same point for the past 18 months. There’s no recovery or rebound in the housing market, they said, until home builders start building again.
“Show us positive numbers on new home starts for a few months,” they say, “and then we will we agree that the housing market has finally turned around.”
Hey there bears, here are the numbers you asked for: Last week the Commerce Department reported an unexpectedly large increase in new single family home starts during May – up by seven and a half percent.
That was the THIRD consecutive monthly gain in single family starts. Total starts, including multifamily apartment starts and condos, were up by 17 and a half percent!! Read the rest of this entry »
Posted by Chris 
