The Traderszone Network

Published in TZ Latest News 16 May, 2014 by The TZ Newswire Staff

Housing starts up sharply; permits highest since 2008

U.S. housing starts jumped in April and building permits hit their highest level in nearly six years, offering hope that the troubled housing market could be stabilizing. The Commerce Department said on Friday groundbreaking increased 13.2 percent to a seasonally adjusted annual pace of 1.07 million units, the highest level since November 2013. Compared to April last year, groundbreaking was up 26.4 percent.

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