Morning Minute: More signs of a housing market recovery

Today’s announcement that housing construction starts jumped 15 percent in September to the highest level in four years was the latest in a series of encouraging signs for the U.S. housing market. The surge exceeded the expectations of analysts who had forecasted a 2.7 percent gain, reports The Washington Post in the article, “What a housing recovery will look like.” From the article:

For months, a wide range of indicators of the state of the housing market have been pointing to improvement, with evidence that prices, sales and construction activity are all starting to rise after five lean years. It is still anybody’s guess how long the improvement will last and whether the worst is truly over for housing. But Wednesday’s numbers are the most solid evidence yet that the answer is “Yes.”

This entry was posted in Housing Market, Uncategorized by Stephanie Sievers. Bookmark the permalink.

About Stephanie Sievers

Stephanie Sievers is Senior Editor for the Illinois Association of REALTORS®. She serves as Senior Editor for IAR publications including the Illinois REALTOR® magazine and all other IAR publications. She is responsible for developing content for the Illinois REALTOR® Weekly Connection e-newsletter, coordinates the IAR Twitter account content at ILREALTOR and plans and develops content for videos. She assists in developing and writing content for the IAR blog. She also is involved in researching and drafting news releases and coordinates the news media distribution database and newsclips reports for the Association. She also assists in IAR spokesperson training seminars and is involved in development of association briefing materials on issues. She assists with the housing statistics program and reports.