WASHINGTON (Reuters) - Housing starts rose more than expected and permits for future construction touched a five month high in May, a government report showed on Thursday, but any recovery will be hampered by a glut of pre-owned homes.
Reuters: Top News, Reuters
Thu, 06/16/2011 - 5:42am
WASHINGTON (Reuters) - Housing starts rose more than expected and permits for future construction touched a five month high in May, a government report showed on Thursday, but any recovery will be hampered by a glut of pre-owned homes.