on Wednesday, October 27th, 2010 at 9:50pm.
Frank Nothaft, vice president and chief economist
4.4% increase in single-family home production
"Meanwhile, the housing construction market is showing some signs of promise. New construction on one-family homes rose 4.4 percent in September to the strongest pace since May. In addition, homebuilder confidence rose in October to the strongest level since June, according to the NAHB/Wells Fargo Housing Market Index."