Housing Starts Surge to an 11-Year High

June 20, 2018

Housing starts jumped 5.0 percent to a seasonally adjusted annual rate of 1.350 million units last month.  That was the highest rate of activity since July 2007.  Single-family home building, which accounts for the largest share of the housing market, increased 3.9 percent to a rate of 936,000 units last month.

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