June Housing Starts Up 6.9%

Based on media reports, June housing starts experienced the largest increase in three years, reaching 6.9% over May and 23.6% over June 2011. June single-family housing starts rose 4.7% from the prior month. “Housing completions in June hit a seasonally adjusted rate of 622,000, which is 2.6% above the May estimate of 606,000 and 7.2% above the June 2011 rate of 580,000 home completions.”  http://bit.ly/LLIKcI

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