Menu
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Homebuilders Accelerate New Construction as More People Look to Buy a House


U.S. home construction starts jumped 22.6% in July, the best gain since October 2016, as builders react to record low interest rates and a resilient economy by increasing residential building.

Residential starts jumped to a 1.496 million annualized rate in July, according to U.S. Census data released Tuesday, beating analyst expectations for 1.25 million. Building permit applications came in at an annualized rate of 1.495 million, better than the 1.3 million consensus estimate and up 18% from June.

Image source: Getty Images.

Continue reading


Source Fool.com

Like: 0
KBH
Share

Comments