U.S. homebuilding increased in June by the biggest monthly gain in nearly four years, Reuters reported, citing Commerce Department data. Single-family housing starts increased 17.3% to a seasonally adjusted annual rate of 1.186 units, while multifamily construction rose 17.5% although permits for new units declined by 13.4%. Reuters reported that the National Association of Home Builders’ latest…


Homebuilding on the Rise; Demand Shifts to Lower-Density Markets

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