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New home construction up in June

July 19, 2011 at 9:53 AM   |   Comments

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WASHINGTON, July 19 (UPI) -- New home construction in the United States jumped nearly 15 percent in June, the highest level in five months, the Commerce Department said Tuesday.

Housing starts rose 14.6 percent in June to a seasonally adjusted annual rate of 629,000, the department's Census Bureau said in a release.

Starts of new single-family homes rose by 9.4 percent to 453,000 in June over May, the bureau said.

Permits for apartments and condos increased 8.2 percent to 198,000 units, data showed.

Building permits rose 2.5 percent over May to a seasonally adjusted annual rate of 624,000, data indicated.

© 2011 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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