Although a recent government report shows the best month-to-month result in new-home starts since the height of the housing boom, industry analysts are interpreting the news in different ways.
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Although the Mortgage Bankers Association (MBA) touted a spike in mortgage applications in the last week, the association is also noting a decrease in applications for new-home purchases in the last month.
Privately owned housing starts, which include single-family and multifamily residential construction, jumped 20.2 percent in April to a seasonally adjusted annual rate of 1.135 million from a revised March estimate of 944,000, according to a monthly reported released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.
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