New Housing Starts Jump in January
Posted by Tre Pryor, Editor-in-Chief on February 02, 2010 in News tagged with Money magazine, National Association of Home BuildersA friend in the industry passed along this piece of news today: What's driving the market: Treasurys fell as improved economic and corporate news reassured investors about the strength of the burgeoning recovery, undermining demand for safe haven assets. The National Association of Home Builders reported that housing starts jumped 2.8% in January to an annual rate of 591,000, which was more than expected. Housing starts were expected to have reached an annual rate of 580,000 units in January, according to a Briefing.com consensus of economist forecasts. Building permits, a measure of hou
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