Housing Starts

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Housing starts showed better than expected strength in May, posting a 17.2% increase!

The rebound was led mainly by multifamily dwellings as they accounted for a 61.7% increase.  None the less, single family homes did post an increase of 7.5%.  The West and South regions posted the most significant gains.

The good news here is that we are starting to see signs of life in the housing market.  Opinions differ, especially by geographical areas, but more analysts are starting to predict better times ahead for the housing market in the next couple of years.

In other news, Industrial Production numbers came out today, posting a drop of 1.1%, which was widely expected.

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This entry was posted on 16. June 2009 at 11:09 and is filed under Economic Market Reports, Blogroll. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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