Housing Starts up 4%

Fresh off of the press, this article may be indicator that recovery from the recession is starting to find its way into our communities. Seattle home builders are back at work building homes. They are moving slowly by building only a couple at a time, but that us clearly more than they have done over the past three years.

The article: By Lucia Mutikani – 1 hr 9 mins ago
WASHINGTON (Reuters) – Groundbreaking for new homes jumped in August to a four-month high, a tentative sign of stability in the housing market after steep declines brought by the end of a home buyer tax credit.

Analysts said the data on Tuesday, which came as Federal Reserve policymakers met to assess the economy, further allayed fears that the recovery from the worst recession since the Great Depression was at risk.
http://news.yahoo.com/s/nm/us_usa_economy

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