New Home Construction Higher than Predicted in June
Post date
July 21, 2016
Body
New residential construction projects in the U.S. rose higher than forecast for the month of June, Michelle Jamrisko of Bloomberg reports.
The residential construction industry has remained in a steady but tepid recovery, struggling to make further progress as homebuilders run up against scarce land supply and credit standards stay tight in the eighth year after the last recession. At the same time, stable job gains and prospects for faster wage growth should buoy real-estate demand in the months ahead."