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- Is home construction activity really up?
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Let me quickly dispel any notion that the 8.2% surge in April of housing starts reported by the Commerce Department on May 16 was a positive sign for real estate, or that it has much significance at all.
The rise was fueled by a 40.5% leap in construction starts on multifamily homes of five or more units – a monthly statistic that is notoriously volatile (April’s increase followed a 35% decrease in March and a 24% increase in February).
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Original Source: www.businessweek.com
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16 May, 2008| housingblogs |
@ 19:49