| blast_investor Fri Nov 17, 2006 12:31 am |
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Housing start gain may signal slide is over http://money.cnn.com/2006/10/18/news/economy/housingstarts/?postversion=2006101810
Housing start gain may signal slide is over
Latest reading on new home market shows surprise increase in housing starts, although permits fall more than forecasts.
By Chris Isidore, CNNMoney.com senior writer
October 18 2006: 1:44 PM EDT
NEW YORK (CNNMoney.com) -- Home building may be ready to shake off its 2006 slump, as housing starts posted the biggest jump since January, according to a government report Wednesday.
The report also showed that building permits, seen as a sign of builder confidence, fell more than expected.
But the housing starts number was seen by some as perhaps a signal that home building has hit bottom and is ready for a recovery. At the very least, the market appeared more resilient than many experts had assumed. |
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