New construction on apartments and single family houses reached its highest point in September in more than four years. New mortgage applications for home purchases were also up last week.
Republicans have been calling it the weakest recovery in U.S. history, but comparing recessions and recoveries has become incredibly controversial because, as in the case of much of economics, it all depends.
Groundbreaking on new homes jumped up last month at the fastest pace in three years. Housing starts were up 6.9 percent from May and 24 percent from a year ago.