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U.S. new-home sales rose at fastest pace in 2 years
WASHINGTON — Americans bought new homes in May at the fastest pace in more than two years. The increase suggests a modest recovery in the housing market continues, despite weaker job growth. The Commerce Department said Monday that sales of new homes increased 7.6 percent in May from April to a seasonally adjusted annual rate […]
Home building pace is fastest in 17 months
WASHINGTON — Home builders started projects 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 could help create jobs and boost economic growth, but it doesn’t signal a comeback for the depressed housing market. Single-family […]
Home building jumps 15 percent in September
WASHINGTON — 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 comeback for the depressed housing market. Single-family home […]
July home building slips after early-summer bump
WASHINGTON — U.S. builders broke ground on fewer single-family houses in July, leaving home construction at depressed levels. The Commerce Department said Tuesday that builders began work on a seasonally adjusted 604,000 homes last month, a 1.5 percent decrease from June. That’s half the 1.2 million homes per year that economists say must be built […]
Home building jumps in June after dismal spring
WASHINGTON — U.S. builders broke ground on more single-family homes and apartments in June, helping the battered construction industry gain a little life after a dismal spring. The Commerce Department said Tuesday that builders began work on a seasonally adjusted 629,000 homes last month, a 14.6 percent increase from May. Still, that’s roughly half the […]
US builders see little to like in housing market
WASHINGTON — U.S. homebuilders are concerned that the struggling housing market won’t recover this year and some feel it may be getting worse. Builders’ outlook for the industry in May was unchanged at 16, the National Association of Home Builders said Monday. It has been at that level for six of the past seven months. […]
