Contrary To Media Reports, Rising Housing Starts Are Not A Good Sign
June 16, 2009 at 10:22 AM EDT
From the Associated Press this morning: “Construction of new homes jumped in May by the largest amount in three months, an encouraging sign that the nation’s deep housing recession was beginning to bottom out. The Commerce Department said Tuesday that construction of new homes and apartments jumped 17.2 percent last month to a seasonally adjusted annual [...]
