Sign Of Recovery: Slow But Steady Growth In Housing Starts

By Alan with comments July 18, 2012 20:40

More new houses are going up now than in almost four years.

From areas like Phoenix that are finally arising from the housing bust to Chicago and Minneapolis, where strong economies have lifted demand, the outlook for home building looks healthier than at any time since sales and prices collapsed in 2007.

“We’ve been hoping for this for a long time,” said Celia Chen, a housing economist at Moody’s Analytics. “It looks like things are turning.”