Starts rose 24.7% in the Midwest, 21.4% in the Northeast, 18.7% in the West and 3.8% in the South. By structure size, starts for single-family homes rose 8.1%, and increased 20.3% in buildings with at least two units.

While starts in December were up 37% from a year earlier, rates remain far below a bubble peak of almost 2.3 million in 2006.
http://articles.marketwatch.com/2013...es-annual-rate

How misguided can housing bears be?