After a housing crash that saw trillions of dollars of wealth eroded, millions of Americans entered loan defaults and lost their homes, Fannie Mae (OTCQB:FNMA) and Freddie Mac (OTCQB:FMCC), and massive government bailouts, the housing market may have seen a bottom, recent data suggests. Department of Housing and Urban Development and the Census Bureau indicates that privately owned housing starts in January were at 890,000, 23% higher than the January 2012 rate of 720,000. And, according to ADP’s National Employment Report, 21,000 construction jobs were added in the private sector between January and February 2013, which would mark the 8th consecutive month for additions in construction..
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