Biz: Housing starts get boost in August after some crappy months
- 10.5% boost in housing starts in August source
- » Why this is really good: Because housing starts just went through a couple of very crappy months. In the aftermath of the end of the homebuyer tax credit, housing starts plunged in May and June at record rates. While early, this suggests that housing is starting to recover on its own. That said, both single-family and multifamily housing starts are near 50-year lows.