U.S. builders broke ground on fewer homes in April, one month after topping the 1 million mark for the first time since 2008. But most of the decline was in apartment construction, which tends to vary sharply from month to month.
U.S. builders started more houses and apartments in February, while requesting permits for future construction at the fastest pace in 4 ½ years. The increases point to a housing recovery that is gaining strength.
U.S. builders broke ground on fewer houses in November after starting work in October at the fastest pace in four years. Superstorm Sandy likely slowed starts in the Northeast.
U.S. builders started work on more homes in August, driven by the fastest pace of single-family home construction in more than two years. The increase suggests the new-home market is gaining strength.
A new survey shows economists are growing slightly more optimistic about recovery in the job and housing markets but expect other pillars of the economy to remain weak.
U.S. builders started work on more homes and apartments last month and requested more permits to build single-family homes. The increases suggest the battered housing market is healing.
Construction of single-family homes cooled off slightly in January after surging in the final month last year.
The depressed housing market has held the economy back for four years. No longer.
By DEREK KRAVITZ AP Real Estate Writer WASHINGTON (AP) — Homes were built in September at the fastest pace in 17 months, a hopeful sign for the economy. Most of the gain was driven by a surge in volatile apartment construction. That should help create jobs and boost economic growth, but it doesn’t signal a [...]
By Alan Zibel AP Real Estate Writer Washington — Residential construction rose slightly last month on the strength of single-family homes, but the market was still too weak to propel growth in the battered industry. Construction of new homes and apartments rose 0.3 percent in September from a month earlier to a seasonally adjusted annual [...]