Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
7/18/2012 10:45:00 AM Write a Letter to the Editor Write a letter to the Editor

Housing Starts Rise to Highest Level Since 2008

Housing starts rose 6.9% in June to the highest level in almost four years, the Commerce Department said Wednesday. 

Starts rose to an annual rate of 760,000 units, the highest level since October 2008, from a revised 711,000 in May.

The level topped economists’ median forecast of a 745,000 rate, Bloomberg reported.

Single-family home starts, rose 4.7% to a 539,000 rate, the fastest since April 2010.

Work on multifamily units, which are often more volatile, decreased 12.8 % to an annual rate of 221,000.

Starts climbed 36.9% in the West, and 22.2% in the Northeast, Commerce said.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2012, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement