Improvement in the multiple-residence sector
Sales of existing homes also expected to climb
Prices down 3.1% year-over-year
Starts for single homes reach their highest level so far this year
Signs of a bottoming in home prices
Housing starts rise in August; improved affordability stimulates market activity
Economic activity appears to be leveling out: Bernanke
Increased activity indicates that housing activity has bottomed
The faster transition to homeownership has been supported in part by strong labour markets, the report suggests