Housing starts better than expected

Home construction
A newly constructed home is viewed on Dec. 27, 2011 in Westport, Conn.
Photo by Spencer Platt/Getty Images

The US Housing Starts data released yesterday were better than expected and home builder confidence is at a four-year high. Is this a sign that the housing market is coming back? Or should we be more cautious?

Bankrate.com senior financial analyst Greg McBride breaks down the January numbers.

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