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LATEST US DATA

Housing starts jump to 7-year high, construction permits rise

An improving labour market and low mortgage costs are reviving residential construction
Wednesday, May 20, 2015 - 05:50
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US housing starts surged 20.2 per cent to a 1.14 million annualised rate in April, from a 944,000 pace in the prior month, a Commerce Department report showed on Tuesday.

Washington

NEW residential construction in the US surged in April to the highest level in more than seven years, indicating that the industry regained its footing after the soft patch at the beginning of the year.

Housing starts jumped 20.2 per cent to a 1.14 million annualised