Housing Starts Rise In November, But With A High Margin Of Error
The number of single-family Housing Starts increased in November, adding 30,000 units as compared to October.
The number of single-family Housing Starts increased in November, adding 30,000 units as compared to October.
Newspaper stories can be misleading sometimes -- especially with respect to real estate. We saw a terrific example of this Wednesday.
After improving 1 percent in August, New Home Sales popped another 7 percent in September. It's no wonder homebuilder confidence is at a 5-month high.
A Housing Start is a new home on which construction has started and, over the last 6 months, home builders are averaging one half-million starts per month. This marks the highest 6-month average since 2008 and a reading one-fifth percent better from 12 months ago. Revisions to prior data have all been higher, too.
Once again, the housing market is showing that its worst [...]