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U.S. Housing Starts Fall to 10-Month Low

hamilton-zanze July 23, 2013

U.S. single-family housing starts fell 9.9% last month to 836,000, the lowest level since August 2012. Although starts fell 115,000 below forecasts, they increased 8.9% from May and are up 10.4% year-over-year.

Multifamily housing starts fell 26.2% in June, after a 28.2% rise in May, illustrating the volatility of the apartment market. Multifamily permits also fell 7.5% in June, following a 2% drop in May.

Read the full article at the Albuquerque Business Journal