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December's Housing Starts data suggests a housing recovery is well underway. You'll just have to ignore the newspaper headlines.
Buying new construction? Get moving. Emerging housing market data hints at higher home prices in 2012, November's Housing Starts figures among them.
Homebuilders like what they see. Mortgage rates are low, buyer interest is high, and foot traffic at sales events is as high as its been in 3 years. It's another signal of housing's budding recovery.
The Housing Starts report shows a new construction rebound. For luxury homes and otherwise, builders prep for a strong 2012.
With its Housing Starts coverage, the press told just half of the story -- and not the half that matters to buyers and seller. Here's what you need to know.
86 percent of building permits "break ground" in 60 days. What this means to the new construction housing market and mortgage rates.
When you open a paper today, or head to Google, the headlines on Housing Starts are akin to "Housing Starts Jump 14.6%", with the article's lead paragraph making mention how "housing starts are at their highest levels in 4 years". These are true statements, to be sure. But, they're also misleading.
The majority of headlines call June's Housing Starts data a disaster. I respectfully disagree. For home buyers of new homes, and home sellers of existing homes, the data is actually quite favorable.
