New-home construction popped to a five-month high in June, surprising economists and fueling hope that the long-struggling U.S. housing market could at last begin to add strength to the economic recovery. Work started on 629,000 houses in June, an increase of 15 percent from May and nearly 17 percent from the corresponding period last year, according to data released Tuesday by the Commerce Department.
BING NEWS:
- Britain has big infrastructure plans. But where are the workers?
Britain has ambitious plans to build new infrastructure ranging from wind farms to data centres and new homes after decades of under-investment. The problem is that it cannot find the workers.
06/3/2024 - 4:00 pm | View Link - Measure to slow development in Silicon Valley commuter county qualifies for ballot
Hollister, California, is 45 miles south of downtown San Jose — a small town that can seem a world away from the freeways and office towers of Silicon Valley. But a measure heading to voters this fall ...
06/3/2024 - 9:34 am | View Link - How Javier Milei revived Argentina’s dormant property market
Argentina’s benchmark interest rate was a staggering 133pc. Even by current global standards, as countries battle high inflation, the figure was eye-wateringly high. By contrast, in the UK, critics of ...
06/3/2024 - 1:00 am | View Link - Iron Ore Tumbles to Lowest in Six Weeks on China Demand Concerns
Iron ore dropped to the lowest level in more than six weeks on worries over the outlook for Chinese demand, which has been hammered by the protracted property crisis.Most Read from BloombergKey Engine ...
06/2/2024 - 8:59 pm | View Link - Affordable Seguin home market outperforms SA
Seguin's affordability – a factor that defines the South Texas housing market – is one of the main reasons builders continue to put new product there.
05/31/2024 - 1:48 am | View Link - More
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