Vladimír Urbánek (Kurzy.cz)
Macroeconomics  |  July 18, 2012 15:19:04

U.S. - The number of newly started construction in June increased significantly and is the highest in 4 years

Number of new housing starts in June in the U.S. grew by 6.9% to 760,000 units annually, which exceeded market expectations set on average grow to 745,000 units. The June figure was the best since October 2008. The May figures were upwardly revised to 711,000 units from the originally announced 708 000th

The improvement in the number of newly started buildings, according to some comments signalyzuje the real estate market in the U.S. has found its bottom and could now, thanks to record low mortgage and generally low prices head towards recovery.

Number of single-family houses under construction in June rose by 4.7% to 539,000 units in multigenerational homes, including rental housing was up by 12.8% to 221,000 units.

2 of the 4 main U.S. regions recorded growth in the head with a jump of 36.9% in the West, where the number of newly started buildings the highest since April 2008. About 22.2% of a raise the Northeast U.S..

The number of newly issued building permits declined.
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