census bureau: Housing Starts Rise In April, Exerting Downward Pressure On Home Prices
- 05/19/10 05:38 AM
Housing Starts Rise In April, Exerting Downward Pressure On Home Prices Single-family Housing Starts rose by 55,000 last month, suggesting ample housing stock from which 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 … (1 comments)
Housing Starts Rise In April, Exerting Downward Pressure On Home Prices 
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