Housing Starts Surge in September, But Not Enough to Single Recovery

A surge in volatile apartment construction drove homes to be built in September at the fastest pace in 17 months, the USA Today reported on October 19, 2011. While single-family home construction rose only slightly and building permits fell to a five-month low, the Commerce Department said privately owned homes were started at a 658,000 annual rate last month. According to USA Today, that is a 15 percent increase from August and roughly half the 1.2 million that economists say is consistent with healthy housing markets.

New-home sales, however, hit a six-month low by falling in August to a seasonally adjusted annual rate of 295,000. USA Today said this year is shaping up to be the worst since the government began keeping records a half-century ago.

For every news item that hints at economic improvement, does it seem like you are still waiting to feel the benefits? If you are struggling through hard times and want to end creditor harassment, you can get deserved relief today by filing for Chapter 13 or Chapter 7 bankruptcy. In order to eliminate bills and stop foreclosure, the first step could be a bankruptcy means test. Our Chicago bankruptcy lawyers can assist you in getting the foreclosure help you have been seeking when you contact our office to set up an initial consultation.

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