According to data released by the U.S Department of Housing and Urban Development and the U.S. Department of the Treasury, the housing recovery continues to make progress, though some markets are doing better than others. The March edition of the administration’s Housing Scorecard – which collects key data on the health of the housing market and the federal government’s ongoing recovery efforts – finds foreclosure starts trending downward, homeowners’ equity rising, and home prices stable. Kurt Osowski, HUD’s deputy assistant secretary for economic affairs, said homeowners’ equity is now over $10 trillion and foreclosure starts are at their lowest level since 2005. The Scorecard also shows that, according to the most recent S&P/Case-Shiller 20-City Home Price Index, home prices are now back to their mid-2004 levels, though month-over-month improvement weakened this past winter. Despite the progress, Osowski cautions that, because the recovery is stronger in some markets than others, there is more work to be done to help responsible homeowners and encourage further recovery. More here.