The number of US housing starts increased, but was less than expected while the number of building permits dropped in March. The article in aol.com points out this shows an underlying weakness in the housing market, and there are fears could continue in spite of the improving weather as spring progresses. Figures from the Commerce
New Home Starts Increase in September, But Are Still at Half The Normal Levels
October 20, 2011 by
Homes were built in September at their fastest pace in the last 17 months, according to a report in USA Today, but while this should help boost economic growth and create jobs it’s still too early to say if it signals a recovery. Most of the homes built were apartment buildings. Single-family homes, which accounts