State Could Be Among Second Group To See Recovery Turnaround

A national economic analysis says North Carolina will be among the second group of states to see an recovery from the recession.

Moody's Economy says the Tar Heel state could get out of the recession during the first quarter of 2010. Colorado, Idaho, Oregon, Texas and Washington are in the first group which are likely to recover in the fourth quarter of this year.

The Moody's survey also looked at individual markets and how they are doing in the recession. It says the Greenville market has seen the second worst drop in single family housing starts in the state, compared to this time last year, at -70.56%. That compares to Jacksonville which has the lowest drop in housing starts at -8.09%.


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