The index of leading indicators increased, adding to evidence the next U.S. expansion has begun
Bernie Snyder
Oct. 18, 2009

There are some evidence now that the next cycle of US expansion has started. Homebuilders and real-estate agents were busier in September. In addition, the index of leading indicators increased according to market expectations.

Construction most likely started last month on more than 600,000 houses at an annual rate, the most since November, 2008. Housing sector is in stabilizing mode as Americans take advantage of government programs, including credits for first-time buyers and lower interest rates.

The recession is not ending abruptly and that will keep interest rates lower. That is helpful for housing and the overall economy.

According to some analysts, Building permits, a sign of future activity, may have risen to a 625,000 pace, also the highest since November, the Commerce Department’s report on housing starts may show.

The index of leading indicators increased, adding to evidence the next U.S. expansion has begun
Bernie Snyder
There are some evidence now that the next cycle of US expansion has started. Homebuilders and real-estate agents were busier in September. In addition, the index of leading indicators increased according to market expectations.
READ MORE>>

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Unemployment stands at 9.8 percent, with more than 4 million jobs lost this year. The deficit has reached $1.4 trillion and the national debt $11.9 trillion.
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