US home construction jumps 15.7 percent in July
Posted in the Minneapolis Forum
#1 Aug 19, 2014
U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines.
Construction increased 15.7 percent in July to a seasonally adjusted annual rate of 1.09 million homes, the Commerce Department reported Tuesday. That was the fastest pace since November and followed declines of 4 percent in June and 7.4 percent in May.
Applications for building permits, considered a good sign of future activity, also showed strength in July, advancing 8.1 percent to an annual rate of 1.05 million, after declines of 3.1 percent in June and 5.1 percent in May.
The July rebound reflected strength in single-family home construction, which rose 8.3 percent, and in apartment construction, which was up 33 percent.
Add your comments below
|Flaming Liberal on ACA healthcare||3 hr||Merry Moosmas||1|
|Wikileaks: dossier "bogus"||3 hr||tree hugging hippie||17|
|John Lewis is NOT a civil rights hero! He's a c...||3 hr||Zephyrus||3|
|Liberals caught planning violence for inauguration||3 hr||Zephyrus||22|
|South Carolina ALS Association Thanks To: Rev. ...||3 hr||R Kieth||4|
|Drop one word....add one word game (Apr '14)||8 hr||Chanta53||689|
|Global warming 'undeniable,' scientists say (Jul '10)||10 hr||Into The Night||35,846|
Find what you want!
Search Minneapolis Forum Now
Copyright © 2017 Topix LLC