The Commerce Department

The Commerce Department released today new housing starts data for the month of June, and we may be close to using that long sought after “R” word – Recovery. Largely positive  – housing starts overall for June reached a seasonally adjusted annual rate of 760,000 units or 6.9% over May’s revised rate of 711,000 units. Still, the picture for single-family starts – an economic driver for our industry – while still positive, is a little more moderate.

Can housing now be a bright spot in an otherwise cooling economy? [Read more…] about June Housing Starts are Up Again, Is it Time for the ‘R’ Word Yet?