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As a logical result of yesterday’s news that the home building industry is confident, today’s headline shows that builders started building more houses last month — more than any time since October 2007. As this graph shows, however, we’re not near that bubble of 2006.

Housing Starts

As this report from MarketWatch states, “The July housing report was not all rosy. Permits for new construction, a sign of future demand, fell 16.3%.” But most of that can be traced to the expiration of government incentives in New York.

Read more: Housing starts highest since before Great Recession – MarketWatch.

For info on the Flagstaff real estate market, visit our website: Flagstaff Homes by The Elite Team At RE/MAX Peak Properties.