<b></b>The disastrous events in the USA have undoubtedly edged the world economy closer to recession, and the effect on the UK housing market is still to be judged. Recent cuts in interest rates, aimed at preventing that recession, are likely to continue to fuel the market which at the moment remains remarkably positive in outlook.<br>The latest HBF survey shows a modest revival in site visitors in August while net reservations are up on a year ago with nearly half the industry reporting an increase against around a quarter reporting a decrease.<p></p><p>Latest government figures find that seasonally adjusted private enterprise starts stood at 41,500 in the three months to July, up 11% on the previous three months and at the same level compared with a year ago. Private enterprise completions were 34,600, up 1% compared with the previous three months. </p><p>Click here to read John Stewart's Housing Viewpoint.</p><p><b><br> <b>HBF Monthly Survey Summary Results</b><br> <b>Activity in the month compared with the same month a year ago (balance*)</b><br> &amp; <b>May</b> <b>Jun</b> <b>July</b> <b>August</b><br> Site visitors +10 +6 +6 +15<br> Net reservations +23 +14 +25 +24<br> <b>Net house price change during the month (balance*)</b><br> &amp; +46 +46 +44 +47<br> <b>Companies expecting higher sales in …