Housing Starts Up in August, As Single-Family Construction Strengthens
Housing starts rose 2.3% in the month of August; gains made were in the South and the Midwest, according to a joint report from the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
Total privately owned housing starts rose to a seasonally adjusted annual rate of 750,000 from 733,000 in July, or 2.3%. Compared to a year ago, housing starts were up significantly, a total of 29.1%.