Does Februarys 22% Jump in Housing Starts Mean the Economy Has Hit Bottom?
Poll – Does February’s 22% Jump in Housing Starts Mean the Economy Has Hit Bottom? Tuesday March 17, 2009The Department of Housing and Urban Development (HUD) announced a 22% jump in new housing starts in February 2009. That’s the first increase since April 2008. For many economists and stock market mavens, housing starts are considered a core indicator of the economy’s overall strength. The stock market seemed to agree, posting sizable gains for the day after a lackluster Monday. No doubt, many of the parents whose college accounts have taken it on the chin are hopping for more solid housing numbers next month! We want to know what you think… Does February’s 22% Jump in Housing Starts Mean the Economy Has Hit Bottom? 1) Yes – Things are beginning to look up. 2)
