Home Building At All Time High

The numbers are in: home building has reached its highest level in more than four years according to a recent government reading. In October, rates were up 3.6% from September, which goes against the slight decrease home economists had predicted. "The further rise in housing starts in October confirms that the previous month's very strong gain was not an unsustainable surge," said Paul Diggle, real estate economist with Capital Economics. "It's clear that the homebuilding recovery is gathering a real head of steam."

Posted on November 26, 2012 at 5:09 pm
MJ Steen | Category: Uncategorized

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