Friday, July 20, 2012

Housing starts in June highest in four years

By Paul Davidson, USA TODAY


 
Housing starts jumped 6.9% in June to a 3 ½-year high, underscoring the residential real estate's slow recovery as a bright spot in a sputtering economy. 

Sponsored LinksConstruction of homes and apartments rose to a seasonally adjusted annual rate of 760,000 in June, the Commerce Department said Wednesday. That exceeded analysts' estimates and was the highest level since October 2008. Single-family home starts increased 4.7% to 539,000, highest since March 2010, though activity that year was inflated by a federal tax credit for home buyers...READ>>



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