The Wall Street Journal rounds up reaction to today’s news that housing starts rose 3.6 percent in June, a figure helped by a jump in the construction of single-family homes. Excerpt: The market is stabilizing, but will more construction mean that even more unsold homes will sit on the market?
And via the New York Times: If low mortgage rates and tax credits are bringing in more new homeowners, "the housing market faces considerable obstacles in its efforts to revive. Among them are foreclosures, which have been rising."
Reposted with permission from Curbed.com. Click here to view original post.
Copyright (c) 2009 Curbed.com LLC
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