According to the U.S. Census Bureau, on a seasonally-adjusted, annualized basis, Single-Family Housing Starts rose to 603,000 last month, an 11 percent increase from the month prior and the highest reading in more than 4 years.
Mortgage markets improved for the second consecutive week last week as demand for U.S. mortgage-backed bonds remained high.
Wednesday, the U.S. Census Bureau reported Housing Starts for single-family homes up 5.5 percent in August to a seasonally-adjusted, annualized count of 535,000 units nationwide.
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.
New construction housing is in a post-recession rally.
Sometimes, the housing data headlines tell just half the tale. May's Housing Starts figures are proving to be a terrific illustration.
The new construction housing market continues to improve.
In March, single-family Housing Starts were down 0.2% from the month prior, or just 1,000 units on a seasonally-adjusted, annualized basis.
The new construction housing market appears primed for growth.
The 2012 housing market started like 2011 ended -- strong.