Good News is Out There!

The media has historically not been friendly to us.  In fluctuating markets, they love to cry panic when things aren’t going well, and are slow to point out when things are looking up.  Therefore, I’m always happy when they finally allow themselves to print articles like these.

Wall Street Journal: Housing Passes a Milestone

The housing market has turned—at last.

The U.S. finally has moved beyond attention-grabbing predictions from housing “experts” that housing is bottoming. The numbers are now convincing.

Nearly seven years after the housing bubble burst, most indexes of house prices are bending up. “We finally saw some rising home prices,” S&P’s David Blitzer said a few weeks ago… Continue

USA Today: Housing starts in June highest in four years

Housing starts jumped 6.9% in June to a 3 ½-year high, underscoring the residential real estate’s slow recovery as a bright spot in a sputtering economy.

Construction of homes and apartments rose to a seasonally adjusted annual rate of 760,000 in June, the Commerce Department said Wednesday. That exceeded analysts’ estimates and was the highest level since October 2008. Single-family home starts increased 4.7% to 539,000, highest since March 2010, though activity that year was inflated by a federal tax credit for home buyers… Continue

CNBC: Housing a Bright Spot in a Dismal Summer

In a summer with precious little positive economic news, housing is proving to be a bright spot. June housing starts, at 760,000, was the best print since October 2008.

The NAHB Housing Market Index, out Tuesday, was at the highest level since March 2007, and the change (to 35 from 30) was the largest monthly increase since September 2002.  Continue

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