Housing Market, Construction | featured news

Housing starts and permits for future construction jumped to a 1-1/2 year high in November as demand for rental apartments rose, suggesting the housing market was starting to recover.

Builders broke ground on more single-family homes and apartments in June, helping the battered construction industry gain a little life after a dismal spring.

Construction of new homes dipped unexpectedly last month in the U.S. as bad weather hit much of the country.

That's 30.7% down from the same month last year. Analysts had recently forecast a 1.7% rise in housing starts.

Unexpected decline is reported despite continued improvement in market for single-family homes.

Construction of new homes rose in June to the highest level in seven months, a sign builders are starting to regain confidence ...