housing starts rise in april exerting downward pressure on home prices: Housing Starts Rise In April, Exerting Downward Pressure On Home Prices - 05/21/10 06:26 PM

Single-family Housing Starts rose by 55,000 last month, suggesting ample housing stock from which Minneapolis can choose this summer.
The report is a slightly larger read than what economists had expected.
Furthermore, for the first time since June 2009, Housing Starts appears to have broken away from its half-million unit plateau. 593,000 new homes were started in April.
Ordinarily, both Wall Street and Main Street would celebrate a strong housing sector report like this, but the Department of Commerce's press release also held two cautionary notes.
The first point of caution is a mathematical one. Although single-family starts increased by 10.2 … (3 comments)