New Homes Construction Rises 3.9%

Well, it's something, if not much: Builders began construction on new homes at higher rate in November. So-called housing starts increased 3.9 percent last month, according to the National Association of Home Builders, the first time the index has shown an uptick since August. Builders such as Toll Brothers are anticipating a modest recovery in the housing market in 2011, though the large shadow inventory of unsold existing homes makes in unlikely that the recovery will gain much steam in the next 12 months.

More on AOL
Real Estate:
Find out how to calculate mortgage payments.
Find homes for sale in your area.
Find foreclosures in your area.
Get property tax help from our experts.

Read Full Story

Can't get enough real estate news?

Sign up for Finance Report by AOL and get everything from celebrity homes to renovation tricks delivered directly to your inbox daily!

Subscribe to our other newsletters

Emails may offer personalized content or ads. Learn more. You may unsubscribe any time.

Find a home

Powered by Zillow