Housing Market Surged in February

Although the national housing crisis has had a major hand in the economic troubles facing the United States, Tuesday brought some unexpected good news. In the month of February, housing starts were up more than 20%.
The biggest reason for the jump was in the apartment buildings sector of the report. Compared to the previous month, construction of apartments was up more than 80%.
Due to this housing report, which was released by the Commerce Department, the stock market rallied. For the day, the Dow Jones industrial average was up 2.5% to finish at 7,395.70. Other indexes also showed improvements including the …read more