Housing starts, or the number of new residential properties that began construction, jumped 22.2% last month. That is a big jump, especially in the midst of a housing crisis.
So, could this spell the bottom of the housing crisis? Well, it probably points to something close to a bottom. However, the majority of the gain, 82.3% in fact, came in multi-family housing starts, not is single family construction.
It is still good, but indicates a rise in demand for rental properties as opposed to a rise in the demand for homes to purchase.
So, good news comes where it will. And we will take this bit of news as good for buyers around Atlanta and around the country, as the bottom of the housing market is in sight.
Related posts:
