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Builders try to meet overwhelming inventory demand: Double digit gains in home starts

from RISMedia

Builders try to meet overwhelming inventory demand: Double digit gains in home starts RISMedia June experienced solid single-family production. According to the U.S Housing Development and Commerce Department, housing starts increased 17.3% to a seasonally adjusted rate of 1.19 million units. Single-family starts increased 17.2% to a seasonally adjusted rate of 831,000, after an upward revision from May’s estimate. In the multifamily sector, condo and apartment building rates increased 17.5% to a 355,000 pace. READ MORE

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