According to a joint release from the U.S. Census Bureau and the Department of Housing and Urban Development, Housing Starts rose 3.6% in October 2012, climbing to a seasonally-adjusted, annualized rate of 894,000 units.
Existing Home Sales Move Higher In October
After a small decline in September, Existing Home Sales rebounded in October, increasing a modest 2.1%.
Homebuilder Confidence Spikes To 6-Year High
The National Association of Home Builders (NAHB) released its Housing Market Index (HMI) Tuesday, which showed sharp, 5-point increase to 46 for November 2012,
Federal Reserve : New Economic Stimulus May Be Warranted
The Federal Reserve released its October Federal Open Market Committee (FOMC) meeting minutes last week.
Bank Repossessions Slip For 24th Consecutive Month
According to data from RealtyTrac, a national foreclosure-tracking firm, the number of foreclosure filings increased 3 percent in October as compared to September 2012, climbing to 186,455 U.S. properties.
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