July 19, 2011
Building Permits And Housing Starts Rise In June
By Brandon Butler
Nationwide housing construction starts rose 15 percent month-over-month to 629,000 in June, according to the Commerce Department.
An estimated 435,000 of those were single-family homes.
The number of building permits pulled nationwide also rose 2.5 percent compared to the month before in June, and was up 6.7 percent compared to last year.
While more projects are being planned and started, fewer were completed last month. Housing completions were down 1.7 percent in May and dropped 40 percent compared to last year to 535,000.
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