VVance
2522 Posts |
 Posted - 05/16/2008 : 06:09:53 AM
|
Don't be fooled...number led by apartment construction. All those soon to be former homeowners will need a place to live.
AP
Housing posts surprising rebound in April
Friday May 16, 9:01 am ET
By Martin Crutsinger, AP Economics Writer
Housing posts surprising rebound in April on apartment construction, but outlook still weak
WASHINGTON (AP) -- Construction of new homes posted the biggest increase in more than two years in April, a rare spot of good news amid the worst downturn in housing in more than two decades.
The Commerce Department reported Friday that housing construction rose by 8.2 percent in April to a seasonally adjusted annual rate of 1.03 million units. Building of single-family homes continued to weaken, however. The growth came from a big jump in apartment construction.
http://biz.yahoo.com/ap/080516/economy.html |
|
Search for: 
