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Politics : Formerly About Advanced Micro Devices

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To: bentway who wrote (488356)	6/16/2009 10:32:26 AM
From: tejek	Read Replies (1) of 1576323

Ready to eat some crow regarding housing bottoms? And did I post to you the Forbes article that predicted Mobile to be the sixth best metro area for job growth this coming year in the US? Jun 16, 2009, 8:30 a.m. EST U.S. May housing starts jump 17.2% to 532,000 rate By Rex Nutting WASHINGTON (MarketWatch) - U.S. housing starts bounced back with a vengeance in May, rising 17.2% to a seasonally adjusted annual rate of 532,000 after plunging 12.9% in April to a postwar low, the Commerce Department estimated Tuesday. The surprising increase was led by a 62% gain in new construction of multifamily dwellings. Starts of single-family homes rose 7.5% to a 401,000 rate, the highest since November. Economists surveyed by MarketWatch expected an increase to 485,000. Building permits rose 4% in May to a seasonally adjusted annual rate of 518,000. Permits for single-family homes rose 7.9% to a 408,000 annual rate, the highest since November.

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