Feb 17th 2012 12:35PM
WASHINGTON -- Construction of single-family homes cooled off slightly in January after surging in the final month last year. But a rise in permits suggests that builders are growing more confident that more buyers are ready to come off the sidelines. The Commerce Department said Thursday that builders broke ground on a... Continue Reading »
Jan 19th 2012 11:20AM
WASHINGTON -- Builders ended 2011 with a third straight year of dismal home construction and the worst on record for single-family home building. But improvement at the end of the year lifted hopes for a recovery. In December, builders broke ground on a seasonally adjusted annual rate of 657,000 homes, the Commerce... Continue Reading »
Dec 20th 2011 10:00AM
WASHINGTON -- A surge in apartment construction gave homebuilders more work in November. And permits, a gauge of future construction, rose 5.7 percent, spurred by a jump in apartment permits. The 16 percent rise in permits provides hope for the housing market, though 2011 is still shaping up as one of the worst years in... Continue Reading »
Oct 19th 2011 10:00AM
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, which helps boost economic growth. But other data suggest a housing recovery is far off. Single-family home construction, which... Continue Reading »
Sep 20th 2011 9:30AM
WASHINGTON -- Builders broke ground on fewer homes in August, a reminder that the housing market remains depressed. The Commerce Department said Tuesday that builders began work on a seasonally adjusted 571,000 homes last month, a 5 percent decline from July. That's less than half the 1.2 million that economists say is... Continue Reading »
