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.
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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.
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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.
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