Building permits down, housing starts up

|  July 18, 2012 |

New federal residential construction stats

Housing starts on upswing

show building permits were 3.7 percent below the revised May rate, but 19.3 percent above the June 2011 estimate. 

Housing starts increased by 6.9 percent above may, and were a whopping 23.6 percent above the June 2011 rate. 

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