US home construction climbed to a 6-month high in July
by Josh Boak, AP Economics Writer

The Associated Press    Translate This Article
16 August 2016

On 16 August 2016 The Associated Press reported: Apartment construction in the Northeast fueled a jump in home building in July as the pace of housing starts nationwide reached the strongest pace in six months. 'Continued recovery in housing will be supported by historically low mortgage rates, coupled with a firming labor market that has begun to spur on wage gains for workers,' said Neil Shankar, an economist at TD Bank. Homebuilders appear optimistic that sales will continue to rise. Global Good News service views this news as a sign of rising positivity in the field of business, documenting the growth of life-supporting, evolutionary trends.

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