Housing starts rose 10.5 percent in August, reaching their highest level since April. The unexpected jump is a sign that the housing market is beginning to stabilize after the summer slump that followed the expiration of the homebuyer tax credit. According to estimates released by the U.S. Census Bureau and the Department of Housing and Urban Development, building permits and housing completions were also up in August. Stuart Miller, Lennar’s chief executive, said there’s been an increase in activity after a tough summer for the housing industry. More here, here, and here.
Theresa Springer’s Blog
Residential Construction Rises To 4-Month High
September 21, 2010
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