Under the George Bush administration, housing crashed. And it crashed hard.
Almost a year into Obama's administration, housing is turning around.
"WASHINGTON — New construction on U.S. housing units rebounded in November after dropping sharply in the previous month, and analysts said the upward trend would continue as long as tax breaks for first-time home buyers remain in place.
"Starts rose 8.9 percent in November to a seasonally adjusted 574,000 annualized units, the Commerce Department reported Wednesday. This was stronger than the 563,000 pace expected by economists surveyed by MarketWatch.
"The strong data gave the stock market a lift in early trading."
--Housing starts rebound in November, GREG ROBB MarketWatch - Published: December 20, 2009: Times Argus
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