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Trulia housing barometer: Housing market 52pct back to normal

Posted on 24 January 2013

Construction starts leaped to a 54-month high in December. Starts were at a 954,000 annualized rate, up 12% month-over-month and up 37% year-over-year. That’s the highest level since June 2008. Looking at all of 2012, starts were up 28% compared with 2011, led by construction in Texas and the Carolinas and by a rebound in multi-unit building construction. Construction starts are now 47% of the way back to normal.
Existing home sales slipped slightly in December. Sales dropped 1% to 4.94 million — still the second-highest level since November 2009. That puts sales 68% back to normal. Year-over-year, sales were up 13%………………………………………..Full Article: Source


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