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.
After a small decline in September, Existing Home Sales rebounded in October, increasing a modest 2.1%.
The National Association of REALTORS® reports Existing Home Sales at 4.75 million units in September 2012 on a seasonally-adjusted, annualized basis, an 11 percent increase from one year ago.
According to the National Association of REALTORS®, 4.82 million “existing homes” sold on a seasonally-adjusted, annualized basis in August, representing a near 8 percent improvement from the month prior and a nine percent jump from August 2011.
Mortgage markets improved last week as the Federal Reserve introduced new economic stimulus.
Home resales climbed 2% last month as the housing market continues its slow, steady recovery.
Home resales slipped more than 5 percent last month, putting a damper recent housing market enthusiasm.