Thursday, February 18, 2010
The Commerce department has announced that the rate of construction of new houses has increased 2.8 percent from December with an annual rate of 591,000 in January. The revised rate of construction was 575,000 in December.
At the same time, the monthly confidence scale of home builders had rose two points in February to 17. According to the National Association of Home Builders Chair Bob Jones, the builder confidence has increased slightly as the housing recovery has finally begun to take root.
While evaluating the builder confidence, it has been seen that the builder confidence was highest in the Northeast and the South, weaker in the West and lowest in the Midwest.



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