New-home construction popped to a five-month high in June, surprising economists and fueling hope that the long-struggling U.S. housing market could at last begin to add strength to the economic recovery. Work started on 629,000 houses in June, an increase of 15 percent from May and nearly 17 percent from the corresponding period last year, according to data released Tuesday by the Commerce Department.
Comment on Housing starts surge in June
Cezary Podkul, Washington Post: Business
Tue, 07/19/2011 - 5:39pm
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