WASHINGTON (AP) – Construction of new homes posted a solid increase in June, led by a surge of building in the Northeast and the West.
The Commerce Department said Tuesday that housing starts rose 4.8 percent to a seasonally adjusted annual rate of 1.19 million from a revised 1.14 million in May. The June reading was the highest level since February, but was down from 1.21 million a year earlier.
Construction of single-family homes rose 4.4 percent to 778,000.
Home construction jumped 46.3 percent in the Northeast and 17.4 percent in the West.
During the housing boom of the mid-2000s, housing starts sometimes ranged above a 1.7 million annual rate. In the bust that followed, they fell below 600,000. Over the past year, they have mostly stayed between 1.1 million and 1.2 million. Builders this year have been eager to put up more single family houses, a switch from recent years when they focused more on apartments.