Positive signs emerge in the housing market

September 19, 2012

NPR Marketplace

Slow but steady might be the best way to describe the housing market right now. Groundbreaking on new home construction rose 2.3 percent last month to a seasonally adjusted; up almost 30 percent from one year ago. That was less than expected but still movement in the right direction.

“One of the things you see early on is positive expectations going forward and you’re seeing some of that in the homebuilders and house prices in many markets in many corners have turned a market,” says Ron Throupe, a real estate and construction professor at the University of Denver.