lHousing construction, permits rise

Housing starts and building permits in August rose to their highest levels in nine months, but the gains were led by multifamily and apartment construction.

Housing starts for single-family homes fell 3 percent. Total housing starts rose 1.5 percent to an annual rate of 598,000. Building permits rose 2.7 percent in August. However, single-family permits were flat.

Multifamily starts rose 25.3 percent from an all-time low in July. Multifamily permits rose to 117,000 units.

Starts were down in the South, up in the Midwest and Northeast, and flat in the West.

Read Full Article from Bizjournals.com

- Posted: 2009-09-17 11:27:17

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