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Real Estate Briefing - Categorized | Americas, Construction, Performance more

US housing construction shows signs of life

Posted on 17 June 2011

David ReslerHomebuilding in the United States rebounded in May after a sharp drop in April as the distressed housing market struggles to climb out of collapse, official data showed Thursday.
Housing starts rose 3.5 percent from April to a seasonally adjusted annual rate of 560,000, the Commerce Department said, topping economists’ estimates. Building permits, a forward-looking indicator, jumped 8.7 percent to a rate of 612,000……………………………………….Full Article: Source

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