Housing starts rise in August

Single family housing starts increased 5.5 percent from July 2012. Housing starts climbed 26.8 percent above the level seen in August 2011.?

By SoldAtTheTop,?Guest blogger / September 19, 2012

This chart tracks housing starts since 2002. Housing starts remain 70.65 percent below the peak set in early 2006.

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Today?s?New Residential Construction Report?showed gains in August with single family permits increasing from July while starts also increased over the same period.?

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Writer, The PaperEconomy Blog

'SoldAtTheTop' is not a pessimist by nature but a true skeptic and realist who prefers solid and sustained evidence of fundamental economic recovery to 'Goldilocks,' 'Green Shoots,' 'Mustard Seeds,' and wholesale speculation.

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Single family housing permits, the most leading of indicators, increased a slight 0.2% from July to 512K single family units (SAAR), and increased 19.3% above the level seen in August 2011 but still remained ?an astonishing 71.52% below the peak in September 2005.?

Single family housing starts increased 5.5% from July to 535K units (SAAR), and climbed 26.8% above the level seen in August 2011 and remained a stunning 70.65% below the peak set in early 2006.?

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Source: http://rss.csmonitor.com/~r/feeds/csm/~3/86PWLcWVCQI/Housing-starts-rise-in-August

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