US home building climbs 12.3% in August to 12-year highPAUL WISEMAN
Associated PressSeptember 18, 2019
WASHINGTON (AP) — The pace of U.S. home construction jumped 12.3% last month to a 12-year high on a surge in apartment building.
The Commerce Department said Wednesday that housing starts came in at a seasonally adjusted annual rate of 1.36 million, the most since June 2007 and up from a revised 1.22 million, as builders overcame a shortage of skilled workers and available land.
Economists had expected a more modest gain and in another promising sign, permits, a signal of future building, rose 7.7% to 1.42 million, highest since May 2007.
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https://finance.yahoo.com/news/us-home-building-climbs-12-123329724.html
