The Traderszone Network

Published in TZ Latest News 20 October, 2015 by The TZ Newswire Staff

Demand for rental apartments boosts U.S. housing starts

U.S. housing starts rose solidly in September on soaring demand for rental apartments, a sign that the housing market continues to steadily improve even as economic growth has slowed. The Commerce Department said on Tuesday groundbreaking increased 6.5 percent to a seasonally adjusted annual pace of 1.21 million units. It was the sixth straight month that starts were above 1 million units, pointing to a sustainable housing recovery.