Tuesday, October 19, 2010

Is US Housing on The Rise

According to the latest stats by Commerce department. U.S. housing starts unexpectedly rose in September to a five-month high.

They rose 0.3% to a seasonally adjusted annual rate of 610,000 units, the highest level since April. August starts were revised up to a 608,000-unit pace from the previously reported rate of 598,000 units. Is this the beginning of an upward trend?

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