Dec 21 2011
Guidant Response: US Home Building Rises
News Brief By: Allen G. Yee
Recovery needs to begin somewhere. Sometimes it begins in a benign form and escalates from there. It is doubtful that the US can have a meaningful recovery without real estate and financials and the fortunes or lack thereof for financial is closely tied to real estate. We may not be out of the woods but we could certainly be passed much of it and on our way out.
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US new home building rises sharply
By: BBC News
New home building in America rose sharply in November, official figures suggest.
The home starts survey, which records when work begins on new flats or houses, showed a rise of 9.3% to 685,000 compared with the revised October estimate.
Starts rose 24% compared with the same period last year, to an 18 month high.
The number of building permits also rose 5.7% to 681,000, the most issued since March 2010.
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