Homebuilding Bounces Back in August
OtherHomebuilding for single-family homes was at its fastest pace in more than two years during August, as the new-home market continues on in recovery mode. The Commerce Department reported Wednesday that single-family housing starts soared 5.5 percent, marking the best pace since April 2010. Construction of homes and apartments increased 2.3 percent in August from July. Overall, home construction has jumped nearly 60 percent since April 2009, when it hit a recessionary low, the Commerce Department reports. Still, the sector […]
