Thursday, March 17, 2016

Housing Starts at 9 Year High

The U.S. housing market continues to rebound, with single-family housing starts inching up 7.2 percent, Their highest level since November, 2007, according to the U.S. Census Bureau an the Department of Housing and Urban Developement. In February, builders started production on 1,178,000 homes, a 5.2 percent increase over January and a 30.9 percent increase from February 2015. Single-family home completions also increased, rising 6.1 percent to a 736,000 annualized rate, the highest peak since November 2008.

For full article by Zoe Eisenberg, http://rismedia.com/?p=107870