US Housing Starts Advanced in July on Single-Family Construction
- New construction rose 3.9% to 1.45 million annualized rate
- Single-family permits increased to highest in more than a year
This article is for subscribers only.
New US home construction rose in July on strength in single-family projects amid limited supply in the resale market.
Residential starts increased 3.9% last month to a 1.45 million annualized rate, according to government data released Wednesday, matching the median estimate in a Bloomberg survey of economists. Single-family homebuilding rose 6.7%.