Housing Construction Picks Up Speed

Housing construction picked-up last month proving that the housing market is still actively growing. Home builders began working on apartments and homes in the U.S. at a seasonally adjusted rate of 896,000, increasing 6% from June according to the Commerce Department. Applications for future home permits also grew last month, jumping 2.7%, averaging 943,000. Builders are optimistic that this trend will continue, and the demand for home construction will continue to grow. More here.

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