Housing starts rise on rebound in U.S. multifamily projects

NEW-HOME CONSTRUCTION grew in the U.S. in July due to a rebound in multifamily building projects. / BLOOMBERG FILE PHOTO/TIM BOYLE
NEW-HOME CONSTRUCTION grew in the U.S. in July due to a rebound in multifamily building projects. / BLOOMBERG FILE PHOTO/TIM BOYLE
WASHINGTON -- New-home construction in the U.S. climbed in July, reflecting a rebound in multifamily projects that overshadowed a slowdown in single-family properties. Housing starts climbed 5.9 percent to an 896,000 annualized rate from a revised 846,000 pace in June that was higher than previously reported, figures from the Commerce Department showed today in Washington.…

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