It was very encouraging to see Housing starts post a surprising rebound April increase of 8.2 percent - As reported by MSNBC this morning. The spike was mainly fed by apartment construction.
April figures demonstrate it was the biggest increase in more than two years for construction of new homes.
The Commerce Department reported Friday that housing construction rose by 8.2 percent in April to a seasonally adjusted annual rate of 1.03 million units. Building of single-family homes continued to weaken, however. The growth came from a big jump in apartment construction.
Here's a full story in MSNBC which goes further in depth about the report.
URL: http://www.msnbc.msn.com/id/24664672
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