Construction Defect Journal Archives

U.S. Housing Starts at Four-Month High Give Boost at Quarter-End

July 19, 2017
Michelle Jamrisko - Bloomberg

Residential construction ended the second quarter on a stronger note as groundbreaking on new homes rebounded in June to the fastest annualized pace in four months, Commerce Department data showed Wednesday.

    Highlights from Housing Starts (June)
  • Residential starts increased 8.3 percent to a 1.22 million annualized rate (est. 1.16 million)
  • Starts for May were revised to 1.12 million from 1.09 million
  • Permits, a proxy for future construction, climbed 7.4 percent to a 1.25 million annualized rate


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