U.S. Home Construction Reaches Strongest Pace in a Year, But Falls in the West
LA Times
Associated Press
Construction of new homes in the United States climbed 13.7% in October, the biggest jump in a year, as builders broke ground on more apartments and single-family houses. But the increase wasn’t spread nationwide: Construction declined in the West. The Commerce Department said Friday that the monthly gain put U.S. housing starts at a seasonally adjusted annual rate of 1.29 million units. That is the best pace for home construction in 12 months.
About author
You might also like
Housing Starts and Building Permits Exhibit New Found Strength
Total housing starts jumped 20.2% from March to April to hit an annualized pace of 1.14 million with single-family starts jumping by 16.7% to 733,000. Building permits rose 10.1% from
How a Return to Multigenerational Living is Shifting the Housing Market
Shifts in senior living, immigration, and affordability have brought extended families together under the same roof
Affordable Housing Is Now a Middle-Class Crisis in California
By Christopher Thornberg – California has a housing crisis. This probably doesn’t sound like news given the recent publicity about disputes over homelessness, rapidly rising rents, and gentrification—and the flurry
