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Expectations of housing economists for a 950,000-unit pace in housing starts in May fall short but still surge 6.8% to a seasonally adjusted rate of 914,000 units from the revised April estimate of 856,000. The Census Bureau says starts rose 28.6% from a year ago, when the rate was 711,000.
A continuing upswing of multifamily apartment construction helps push housing starts past the million-unit mark in March for the first time since March 2008, with apartment production increasing 31.1% from February’s revised figures.
Although starts on new homes dropped in January, new permits for construction leaped to a 4 1/2-year high, signaling the housing market will help pump up overall economic growth this year. The Commerce Department says starts dropped 8.5% to an 890,000 annual
New U.S. home construction fell 3% in November to a seasonally adjusted rate of 861,000 units. The West and Northeast regions accounted for the bulk of the declines, the Commerce Department says. Both regions were lambasted by storms, including the devastation wrought by Hurricane Sandy in the Northeast. At the same time, the
Construction of new houses increases 6.9% in June, marking the highest number of new units since October 2008 and the biggest percentage gain in seven months, the Commerce Department says in its latest housing starts survey. Construction of single-family homes rises to
Housing starts surged in January to their highest rate in four months, an increase that was far above expectations ...
While housing starts dropped in December, building permits jumped, illustrating the continued volatility of the housing market ...
Housing starts rose in November according to recent data from the U.S. Commerce Department. ...
Housing starts dropped to unexpected lows in October, driven by a weakness in the multifamily sector ...
Housing starts rose again in September, to their highest level in five months ...
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