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There's been no let down in the housing recovery story so far in 2013. January data was strong and February has started out strong as well.

February housing starts jumped 27.7% to 917,000 from 718,000 a year ago. This was in line with forecasts.

Single family starts were the highest since June 2008 at 618,000.

Permits, which indicate future contracts, also rose 33.8% in February to 946,000 from 707,000 last year.

All of the data continues to validate the story that housing is slowly moving off the bottom. This confirms the increase in residential construction jobs that has also been seen in the monthly Labor Department reports. More housing starts means more jobs.

Existing home sales data for February is out Thursday morning.

Is It Truly a Turnaround?

Robert Shiller, Yale Professor and co-creator of the S&P/Case-Shiller index recently said on YahooFinance's Daily Ticker that while there appeared to be a current turnaround, housing's future was a "great unknown."

Has housing truly turned the corner to a full recovery?

Or is Shiller right that longer term, housing's recovery could be uncertain?

 

Zacks Releases Their 7 Best Stocks for May, 2014

These 7 were hand-picked from the list of 220 Zacks Rank #1 Strong Buys with earnings estimate revisions that are sweeping upward. Their stock prices are expected to rise sooner than the others.

Today, this Special Report is available to new Zacks.com visitors free of charge.

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Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
ANI PHARMACE ANIP 29.85 +16.83%
ALLIANCE FIB AFOP 17.94 +3.59%
FEDERATED NA FNHC 20.51 +3.22%
GENTHERM INC THRM 36.80 +2.65%
ATLAS FINANC AFH 14.60 +2.53%