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On outgoing fed chair bern earn about on his final press conference. including a pull back on the fed's massive stimulus program and a possible change in key interest rates. a report suggest that is the housing levels are highest in six years. doug mckelway is in washington. so, doug, what do the housing numbers mean for fed policy here? >> reporter: jon, they mean a couple of things. first they're encouraging sign in the momentum in the housing market. albeit slow continues. housing starts jumped 22% in november. that is more than anytime since january of 1990. that may give the federal reser...

Taking. it is loving the policy of kwaptitative easying unchanged and based on the release of the november housing start numbers. they jumped 27 percent in november. that is a sign of recovery in the housing market that could potentially prompt the fed to pull back on quantitative easing andey and bond purchasing. >> it is a important psychological barrier has been broken and these are the strongest numbers and so it is a positive sign. >> tremendous uncertainty remains about the economy and how it has done little to stimulate economic activity and creating risks. >> you create another boom. y...