The Commerce Department released the housing report this week and starts rose 0.3% last month to a seasonally adjusted 610,000 annualized units. August starts were also revised higher to 608,000 units from the 598,000 previously reported. This is above the June and July average of 544,000. This may be a sign that the sector is leveling out after the removal of the stimulus measures. Housing starts are “up from 530,000 units at the trough in the first quarter of 2009 but it is still extremely low by the standards of the last 50 years. In fact, the rate of new construction is so low that there is barely any net growth in the U.S. housing stock these days,” said William Dudley, President of the New York Fed, in a speech.