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SURPRISE, DEMS: HOUSING MARKET UP 8 % May 17, 2008

Posted by Commentator in Uncategorized.
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Construction of new homes posted the biggest increase in more than two years in April.

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The Commerce Department reported Friday that housing construction rose by 8.2 percent in April to a seasonally adjusted annual rate of 1.03 million units.

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The strength in housing construction in April came entirely from a huge increase in apartment construction, which can be extremely volatile from month to month. Building of apartments, defined as two or more units, jumped by 36 percent to a seasonally adjusted annual rate of 340,000 units.

Applications for building permits, considered a good sign of future activity, also recorded an increase in April, rising by 4.9 percent to 978,000 units. It was the first gain in permits in five months. LINK

EDITOR’S NOTES: Suck it, Libs.  These are outstanding figures, not ’statistical probability of error’ stuff. The economy is far stronger than you want to admit. Hello President McCain.

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