Single-family home construction slips in July | Bedford Corners Real Estate

U.S. housing starts  rose 5.9 percent month over month in July to a seasonally adjusted rate of 896,000, and were up 20.9 percent from a year ago, according to a monthly report from the U.S. Census Bureau released today.

The increase was powered by a sharp rise in multifamily construction. Construction of single-family homes actually dropped by 2.2 percent.

Source: U.S. Census Bureau

– See more at: http://www.inman.com/wire/single-family-home-construction-slips-in-july/#sthash.XoeKv5es.dpuf

Robert Paul

Robert is a realtor in Bedford NY. He has been successfully working with buyers and sellers for years. His local area of expertise includes Bedford, Pound Ridge, Armonk, Lewisboro, Chappaqua and Katonah. When you have a local real estate question please call 914-325-5758.

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