As you can see in the chart above, Housing Starts have fallen significantly since June 2008, but in last week’s report, they broke free to come in at their highest level since last November. Building Permits were a bit lower than expectations, but the overall report suggests that while we’re not entirely out of the woods yet, the worst in the housing market may have passed and that the industry may be on its way to stabilizing.
Home > Phoenix Housing Starts in August 2009
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