U.S. builders started work on more homes in August, driven by the fastest pace of single-family home construction in more than two years.
The Commerce Department recently announced that construction of homes and apartments rose 2.3% to a seasonally adjusted annual rate of 750,000 last month, up from 733,000 in July.
Single-family housing starts rose 5.5 percent to an annual rate of 535,000 homes, the best pace since April 2010.
Since hitting a low of 478,000 in April 2009, the rate of home construction has increased by nearly 60%.
Additionally, confidence among builders rose in September to the highest level in more than six years, according to a survey released Tuesday by the National Association of Home Builders/Wells Fargo.
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Coldwell Banker supports Rethink Hunger with the North Texas Food Bank
Coldwell Banker Residential Brokerage is a proud sponsor of Rethink Hunger in partnership with the North Texas National Food Bank. Visit CBDFW.net today for more information as well as several customizable flyers and food lists you can use today. You can also forward the Online Virtual Food Drive link located below to your sphere, or post the link to your Facebook and other social media accounts.
Help us spread the word and gain donations of non-perishable food items by April 30, 2012, or monetary donations through our Online Virtual Food drive.
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