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Housing Starts

Posted By Burbank Real Estate On 16. June 2009 @ 11:09 In Economic Market Reports, Blogroll | No Comments

[1] Small Single-family homeImage via [2] Wikipedia

[3] 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, [4] 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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URL to article: http://burbankmarketreport.com/2009/06/16/burbank-real-estate-agent-housing-starts-hosuing-market-news/

URLs in this post:
[1] Image: http://commons.wikipedia.org/wiki/Image:Small_Single-family_home.jpg
[2] Wikipedia: http://commons.wikipedia.org/wiki/Image:Small_Single-family_home.jpg
[3] Housing starts: http://en.wikipedia.org/wiki/Housing_starts
[4] single family homes: http://en.wikipedia.org/wiki/Single-family_detached_home
[5] Home Sales Are Looking a Little More Alive : http://sf.curbed.com/archives/2009/04/27/home_sales_are_looking_a_little_more_al
ive.php
[6] 3 O.C. cities in state’s Top 10 for home prices: http://lansner.freedomblogging.com/2009/02/26/3-oc-cities-in-states-top-10-for-h
ome-prices/15589/
[7] How to Fix America’s Housing: http://www.portfolio.com/views/blogs/market-movers/2009/02/02/how-to-fix-america
s-housing?tid=true
[8] Image: http://reblog.zemanta.com/zemified/c4c8f911-2641-4d42-9e02-eff0f0c8237a/

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