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New-Home Building at Highest Level in 3 Years

by Michael Levy on July 23, 2012

in National, NEWS

Home ConstructionThe home-building industry continues to dig out of its slump as the pace of construction posts big jumps for single-family and multifamily houses. Builders had a level of starts in June not seen since October 2008, the Commerce Department reported Wednesday.

Housing starts were nearly 24 percent higher in June compared to last year at that time.

Still, while housing starts posted a big leap in June, new housing permits — a gauge of future building — dropped 3.7 percent in June.

To read the full article, click here: Realtor Mag

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