A large part of stabilizing this economic crisis depends on the stabilization of the housing sector. This article sheds some positive light on the construction permits for single family homes and overall construction permits.
FULL ARTICLE: http://www.cnbc.com/id/31961438 (provided by Reuters):
MAIN POINTS:
“Housing starts climbed 3.6% to a seasonally adjusted annual rate of 582,000 from May’s upwardly revised 562,000” – Commerce Department
“Single family home starts jumped 14.4%, the biggest rise since December 2004.”
“Both overall starts and single-family home starts have risen for two straight months”
“June Permits to start construction, an indicator or builder confidence, leaped 8.7 % to 563,000 units, the highest since December”