Encouraging news for housing was provided in an article on MSNBC recently. The news reported construction starts on new homes have apparently been buoyed by the special tax break incentive provided to first-time home-buyers.The construction of new homes climbed in June to the highest point in seven months as builders scrambled to break ground for homes which must be completed by the last of November for first-time buyers to take advantage of the special tax break.
The housing start numbers in June, represent a 14+% increase in single-family home construction. This represents the largest monthly increase since December 2004. The construction of multi-family units, a chaotic segment of the market, fell nearly 26% from a month earlier.For a complete report as presented by MSNBC, you can Click Here.
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