single-family home starts

U.S. Housing Starts Rose for Third Straight Month

The unexpected increase of 0.3% to a 610,000 annual rate provides additional evidence that homebuilding in the beleaguered U.S. housing sector may be bottoming. However, economists caution that it's still too early to declare any kind of solid turnaround.

Does the Housing Market Need More Federal Help?

The U.S. housing sector's road to recovery is getting rougher: Housing starts fell a worse-than-expected 5% in June to a seasonally adjusted annual rate of 549,000. Permits for new single-family homes fell 3.4% to a 421,000 annual rate -- their lowest since April 2009.