For the first time in the last several months, the US housing starts data has turned positive, and also the data on existing home buying has shown positive growth rates. The data needs to be seen in the light of record drop in the housing purchases across US in the last year.

So there is a very low base on which the marginal growth has been reported, experts say. Even then, a positive data at these turbulant times is indeed good to hear. If the US economy has to recover, it can happen only if the housing sector and the automobile sector recover.