Builders Anticipating Home Construction Upswing

Last month home builders filed for the most building permits in more than three years at a seasonally adjusted annual rate of 717,000, according to CNNMoney. In perhaps a sign that the housing market is seeing some early 2012 signs of life, the numbers register as the strongest reported since October 2008, which is the month after the collapse of the financial markets. This represents a 5.1% rise from January and a 34.3% increase year-over-year. To read more about the state of the housing market on CNNMoney, click here.