Housing Starts Jump 6.8%

Private residence home starts increased 6.8% averaging 914,000 last month. Housing starts overall have been growing year-over-year, jumping 28.6% from last May according to the U.S. Department of Housing and Urban Development and the  U.S Census Bureau. Housing permits and completions have also grown from last year. Analysts at Econoday said, “housing appears to still be on a moderate uptrend-but the numbers have been volatile and monthly averaging seems like a good idea.” Additionally, multifamily and single-family components are on the rise as well. More here

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