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There's a whole lot of fuss on Wall Street right now about the impact of a first-time homebuyer credit expiring this week. The $8,000 question? Whether the housing market will continue to improve without the payday, or whether we are in for another round of falling home prices and rising foreclosures.
There's no doubt that 2010 so far has been very profitable for housing stocks. But are those profits going to stick, and is the housing market going to continue to improve?
Continue reading Five Reasons the Housing Market Is Improving
This is good news! The Commerce Department reported that housing starts soared 17% in May. Housing starts increased to 532,000 from 454,000 the prior month. Projections were for an increase to only 485,000.
Here are the supporting numbers:
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