By allowing ads to appear on this site, you support the local businesses who, in turn, support great journalism.
Single-family home construction up
Placeholder Image
WASHINGTON (AP) — U.S. builders started work in August on the most single-family homes in six months and requested permits to construct even more in future months. The figures suggest housing remains a driver of economic growth despite higher mortgage rates.Construction of single-family homes started rose 7 percent last month to a seasonally adjusted annual rate of 628,000, the Commerce Department said Wednesday. That’s the fastest rate since February.