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Housing Starts Up

In another sign that some indicators are revealing that the economy is turning around, housing starts increased 2.8% last month, according to a report issued today by the Commerce Department and the Department of Housing and Urban Development.

By Claude R. Marx | Updated on February 16, 2010

In another sign that some indicators are revealing that the economy is turning around, housing starts increased 2.8% last month, a welcome reversal following a 4% decline in December, according to a report issued today by the Commerce Department and the Department of Housing and Urban Development.

January’s housing starts were at a seasonally adjusted annual rate of 591,000, compared to the revised estimate of 575,000 in December. Last month’s figures were 21% higher than in January 2009.

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