Home Construction up 4% in August, But Stormy Skies Still Ahead

By Mark J. DonovanThough not a grand slam, seeing single family home construction increase 4% in August over the previous month was a welcome sign. Apartments and condominiums also shot up a whopping 32% during the same timeframe. This said new home construction starts are still down 78% from their peak in January of 2006.Though this news was encouraging I am still not optimistic that the housing