WASHINGTON, DC-According to the Commerce Department, home construction climbed 10.5% in August 2010 to 598,000 because of a 32% increase in condominium and apartment construction, an unpredictable part of the market.
The overall housing starts increased 25% in August 2010 compared to that of April 2009, while construction of single-family houses, which accounted for 73% of the overall market in August, increased a mere 4% when compared to that of July 2010. However, the home-building industry still needs years to recover.For the full story, go to Boston Globe.
GlobeSt.com News Hub is your link to relevant real estate and business stories from other local, regional and national publications.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
