Why The Terrible Housing Starts Number Could Be A Signal Of The Housing Market's Recovery

Once again, newspaper headlines may be misleading you. Just because Housing Starts plunged last month and the chart looks like The Beast, it doesn't mean that the U.S. Housing Market is any worse off than it was. On the contrary, things may finally be starting to improve. Yesterday, the government released September 2007's Housing Starts data for the country. A "Housing Start" is a new home on which construction has commenced. Versus August 2007, starts are down 10.2% Versus September...

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[Source: The Mortgage Reports Blog]