Single-family housing starts were above 500,000 for the fourth straight month in July, a mark not met since the federal home buyer tax credit of 2010.
The April New Home Sales report suggests that the market for newly-built homes is as strong as the market for existing ones.
After a brief dip in April, the National Association of Homebuilders reports that the Housing Market Index rose 5 points in May to 29.
For the first time in 3 months, homebuilder confidence has slipped.
Single-family housing starts climbed 4 percent last month to 470,000 units on a seasonally-adjusted, annualized basis. This is the highest number of Single-Family Housing Starts since April 2010 -- the last month of last year's home buyer tax credit.
In another good sign for the housing market, today's home builders believe that the housing market has turned a corner. Homebuilder confidence is at a 19-month high.
Another day, another signal that the market for newly-built homes is improving. Single-Family Housing Starts rose to a seasonally-adjusted, annualized 430,000 units in October -- a 4 percent increase from September and the highest reading in 3 months.
Homebuilders are feeling worse about the market for new homes nationwide.