Increased Number of Housing Starts Reported in May
Recent reports from the US Department of Housing and Urban Development have shown growth in housing markets. The numbers are showing that there has been an 11.9% increase in single-family permits posted in May. On top of that, total housing starts saw a rise of 4.3%. These updates are vastly different from the numbers from the HUD.gov's April statistics in which they noted that "Single-family housing starts in April were at a rate of 650,000; this is 25.4 percent below the revised March figure of 871,000."