Nationwide housing starts rose 2.1 percent in July to a seasonally adjusted annual rate of 1.21 million units, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. This is the highest reading since February. Multifamily housing was up 5 percent to a seasonally adjusted annual rate of 441,000 units in July…
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Housing Starts Hit Highest Level Since 2007
Led by a strong jump in single-family production, nationwide housing starts inched up 0.2 percent to a seasonally adjusted annual rate of 1.206 million units in July, according to newly released data from the U.S. Department of Housing and Urban Development and the Commerce Department. This is the highest level since October 2007.
Read MoreThe Steady Climb: Outlook/Forecast 2014
Driven by a Surging Housing Market and Increased Infrastructure Spending at the State Level, 2014 Looks to Build on the Positive Growth of 2013.
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