Tuesday, March 20, 2012

Bloomberg: Housing starts in the US

March 20 (Bloomberg) -- Housing starts in the U.S. fell in February from a three-year high to 698,000 homes at an annual rate, down 1.1 percent from a January pace that was stronger than previously reported, Commerce Department figures showed today. 

Building permits, a harbinger for future construction, climbed to the highest level since October 2008. Michael McKee and Betty Liu report on Bloomberg Television's "In the Loop." (Source: Bloomberg)

Many economists do not believe the nation will fully recover until housing improves. It is time for another federal first time home buyer incentive.

This will only happen if Obama is reelected and the Democrats take the House. Both outcomes are likely.

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