Triangle Business Today

Housing data grow, but slowly

Posted April 21, 2011 5:55 p.m. EDT

According to the Commerce Department, housing starts rose 7.2 percent in March to an annual rate of 549,000 units. Unfortunately this increase did not translate into happy homebuilders.

According to the National Association of Homebuilders, sentiment within the group is being viewed as unfavorable towards current conditions as well as those conditions for the next six months.


About this Blog:

Jeremy Salemson, CEO of Corporate Investors Mortgage Group, blogs about economic trends and data and their impact on Triangle business. Each week, he interviews a Triangle-area business leader for a personal look at the local economy.