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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.
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.
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.
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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