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Author Archives: Jim Woodard

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Positive signs for the homebuilding industry (access required)

Solid gains in both single-family and multifamily housing production is reported by the National Association of Home Builders. Nationwide, housing starts rose 12.1 percent to a seasonally adjusted annual rate of 954,000 units in December, according to newly released data from the U.S. Commerce Department. This is the highest level of new home production since June of 2008.

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For the housing market, signs of recovery (access required)

The housing market is getting healthier. The number of foreclosed and real estate-owned properties on the market is diminishing, thus pushing home prices up to more realistic levels. The foreclosure inventory has been falling as requirements from the national mortgage settlement "influence the pace of first-time foreclosure starts," Lender Processing Services stated in a recent report.

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