Housing recovery blossoms

Posted by Bonnie Martin Designated Broker on Monday, October 8th, 2012 at 7:52am.


CNNmoney.com - The Census Bureau said housing starts and permits rose substantially in August. Separately, sales of previously occupied homes climbed 7.8% from a year ago, according to the National Association of Realtors.

Builders started on new homes at an annual rate of 750,000, up 29.1% compared with a year earlier. They applied to build another 803,000 new homes on an annual basis, a 24.5% jump compared with August 2011.

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