Aug 16th 2011 5:15PM
WASHINGTON - 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... Continue Reading »
Jul 19th 2011 9:25AM
WASHINGTON -- Builders broke ground on more single-family homes and apartments in June, as the home-building industry tried to shake off a historically bad spring. The Commerce Department says builders began work on a seasonally adjusted 629,000 homes last month, a 14.6 percent increase from May. Still, that's roughly... Continue Reading »
Jun 16th 2011 10:45AM
Housing starts rose 3.5 percent in May to the highest level in months and well above most analysts' estimates. The Commerce Department said construction of 560,000 new homes was started last month, compared to 541,000 a month earlier. Despite the monthly increase, new home construction in May fell 3.4 percent from last... Continue Reading »
Apr 19th 2011 11:30AM
The housing market has finally begun to emerge from the winter doldrums, but still trails behind year-ago levels, when the home buyer tax credit was still in effect. Housing starts and permits for future home construction issued in March were higher than expected, according to data released by the Commerce Department... Continue Reading »
Nov 19th 2010 11:56AM
The financial blog CalculatedRisk.com published an alarming chart today showing how excess housing inventory is hurting job seekers. Until that inventory is reduced, it is unlikely that unemployment numbers will improve. This week the Census Bureau released the "Quarterly Starts and Completions by Purpose and Design"... Continue Reading »
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