Housing Starts Down in April, Despite Wall Street Forecast

Turn that frown upside down, housing market!

Quality of life in America requires a handful of essential elements. Food, clothing and shelter are chief among them. For the economy to recover from the doldrums, however, America needs its housing market to show real gains. Military loans can help service families to keep their credit straight before applying for a mortgage, and mortgage loan consolidation can help families who are overburden by a bad mortgage deal to renegotiate terms so that they can stay in their homes. However, neither of these consumer finance tools seem to be sparking multifamily unit sales.

Jeff Bater reports for the Wall Street Journal that despite projections, housing starts took a bit of a tumble during the month of April, 2009. The totals were inevitably lowered due to a significant downturn in the number apartment complex projects. Unfortunately, this offset the modest gains that were seen in new single-family projects.

Well, let’s see the good housing data

Single-family home starts were a winner in April 2009. New unit construction was up 2.8 percent to 368,000, which is particularly significant when one considers that there was only a 0.3 percent increase in March and the totals were completely flat in February. ... click here to read the rest of the article titled "Housing Starts Down in April, Despite Wall Street Forecast"