Tuesday, July 19, 2011

New home construction up 14 percent

New home construction ticked higher in June, the government said Tuesday, as two key measures topped expectations.

Housing starts, the number of new homes being built, rose 14.6% in June to an annual rate of 629,000 units, up from a revised 549,000 in May, the Commerce Department said.

Read the full report at CNN.com by clicking here.

1 comment:

  1. The CNN.com article was more in detail though, glad you shared this update. It is a good sign that new home constructions are up by 14%. It is expected to rise higher in the few months.