June’s modest increase in single-family housing starts is a pleasant surprise and reflects some slight improvement in the housing market.  Starts likely bottomed out earlier this year when the extreme lack of credit drove single-family starts to modern era lows.  That earlier drop in home building brought new construction below demand, creating an opportunity for builders to begin a few new projects.  Housing starts for June 2009 @582,000

Information provided by Wells Fargo Economics Group.