U.S. Housing Starts Slip in February from Upwardly Revised January — Still in Slow Recovery

posted on March 16th, 2010 filed under: Real Estate Market Data

Housing starts remain in a slowly rising pattern of recovery.  The Census Bureau estimated 575,000 starts at a seasonally adjusted annual rate, down 5.9% from the 611,000 now in the books for January, and roughly flat compared to February 2009.

January’s number was revised up from an initially reported 591,000.

The margin of error on these data is about +/-10%, but the trend is consistent with a slow, grinding recovery.

U.S. Housing Starts -- 1990 to Feb. 2010

The real-estate market in Miami and Coral Gables has generally followed the pattern of the national data over the past decade, only to greater extremes.

Print Friendly

posted by // This entry was posted on Tuesday, March 16th, 2010 at 8:25 pm and is filed under Real Estate Market Data. You can follow any responses to this entry through the RSS 2.0 feed.

Both comments and pings are currently closed.

Comments are closed.