A Glimmer of Good News for the Housing Market, Miami
In April, new home construction saw its biggest increase in more than two years. it was a rare spot of good news for the housing market, Market analysts said it's still too soon to affirm an end to the lingering housing slump.
Friday the Commerce Department reported that housing construction rose by 8.2 % in April to a seasonally adjusted annual rate of 1.03 million units. However, the building of single-family homes continues to weaken. Apartment construction was responsible for the large growth.
The rebound in April is predicted to be temporary because of the head winds builders are still confronting, from slumping sales to soaring home foreclosures.
No comments:
Post a Comment