Finally Some Good News in The Housing Market
By Nick Good, www.TheGoodHomeTeam.com
(The Good Home Team with eXp Realty)
Barrel of oil soared to a new record today to $127.82, stock prices fell, consumer confidence is at the lowes level in 28 years, BUT the good news that came out today was the news in the real estate sector MSN.com writers Charley Blaine and Elizabeth Strott report's"There was finally some good news about the housing sector this morning.The number of housing starts rose a surprising 8.2% from March to April, to a seasonally adjusted 1.032 million annual rate, the Commerce Department reported this morning. Economists had expected a decline of 1.4% to an annual rate of 934,000.Building permits also rose, up 4.9% last month to an annual rate of 978,000. Economists had been looking for a 1.8% decline. Single-family permits rose 4%, the first increase in more than a year. Building permits are...
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