Robust Sales May Signal More U.S. One-Family Home Starts: ChartBy
Builder sentiment this month about current selling conditions was the strongest since 2005, while the number of homes sold but not started in July reached a nine-year high. That indicates a little more summer sizzle may be in store for the U.S. housing industry. While the Commerce Department is projected to report on Tuesday that August housing starts fell from a five-month high, possibly due to less work on apartment projects, it wouldn’t be a stretch to see a pickup in single-family home construction amid robust demand.
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