Tuesday, July 19, 2011

Housing starts rise 14.6% to five-month high

July 19, 2011, 11:07 a.m. EDT

June’s building permits also higher, up 2.5% to 624,000 annual rate

By Greg Robb, MarketWatch

WASHINGTON (MarketWatch) — U.S. home builders sharply increased construction in June, according to estimates released Tuesday by the Commerce Department.

Housing starts rose 14.6% to a seasonally adjusted annual rate of 629,000, the highest level since January, the data showed.

Full story:
http://www.marketwatch.com/story/housing-starts-rise-146-to-five-month-high-2011-07-19?siteid=yhoof

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