WASHINGTON, DC-According to the Commerce Department, homeconstruction climbed 10.5% in August 2010 to 598,000 because of a32% increase in condominium and apartment construction, anunpredictable part of the market.
The overall housing starts increased 25% in August 2010 comparedto that of April 2009, while construction of single-family houses,which accounted for 73% of the overall market in August, increaseda mere 4% when compared to that of July 2010. However, thehome-building industry still needs years to recover.For the fullstory, go to Boston Globe.
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