“Housing starts” are new homes on which construction has recently started.
Not surprising, in a related story, homebuilder confidence moved to a 12-month high.
Ironically, an increase in newly-built homes could actually slow a nationwide housing rebound because values are driven by supply and demand. More in-the-pipeline supply means that buyer demand has to stay strong or else prices will eventually fall.
So far this year, though, demand has kept pace.