Economic Reports

Housing Starts Slip, But Don’t Think The Recovery’s Been Halted

September 18, 2009 by · Leave a Comment 

Housing Starts on single-family homes took a step backwards last month, falling month-over-month for the first time since January.

A “housing start” is new home on which construction has started.

Don’t let the slowdown fool you, however — the housing market’s recovery is still very much underway.

Builders were bound to take a construction breather sometime – especially with the looming expiration of the First Time Home Buyer Tax Credit.  The last thing they want is to be saddled with excess supply.

Some of the news coverage categorized August’s Housing Starts as troubling.  That’s likely overstating it.  One down month after 8 consecutive increases is not only acceptable, but it’s expected, too. 

Single-family starts are up 34 percent on the year.  The housing market is recovering just fine.

Need more expert advice? Ask the team of Certified Mortgage Planning Specialists at Benchmark Mortgage.

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James K Barath, CMPS®

James K Barath is a Certified Mortgage Planning Specialist®, Certified FICO® Professional, Certified Military Housing Specialist® and your FHA Home Loan Expert. He is also a graduate of Purdue University, The CMPS Institute, Dale Carnegie Human Relations Course & Napoleon Hill Foundation's PMA Science of Success Class. It's your home and your future. It's his profession and his passion. He is ready to work for your best interest. Contact James for your FREE Home Loan Approval !  His Motto: I Facilitate the American Dream Through Responsible Mortgage Lending and Financial Literacy!

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