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Housing Starts in U.S. Rose in June to Highest Since 2008

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Wed, 18 Jul 12 5:19 PM | 30 view(s)
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Housing Starts in U.S. Rose in June to Highest Since 2008

By Michelle Jamrisko - Jul 18, 2012 8:52 AM ET

Beginning construction of U.S. homes rose more than forecast in June to the fastest rate in almost four years, indicating a brighter outlook for the residential real estate market.

Housing starts rose 6.9 percent last month to a 760,000 annual pace after a revised 711,000 rate in May that was faster than initially estimated, the Commerce Department reported today in Washington. The median forecast of 79 economists surveyed by Bloomberg News called for a 745,000 rate. Building permits fell, reflecting a drop in applications for apartment construction.

more:
http://www.bloomberg.com/news/2012-07-18/housing-starts-in-u-s-rose-in-june-to-highest-level-since-2008.html

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