The housing market received a jolt of good news Thursday. The Commerce Department reports that Single-Family Housing Starts improved in May.
As compared to April, last month's Single-Family Housing Starts rose 4 percent to a seasonally-adjusted, annualized rate of 419,000 units, a figure slightly better than the 6-month average and the highest tally since January.
A "housing start" is defined as.....
Housing Starts Climb Unexpectedly In May
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Chris is a Team Leader at Certified Mortgage Planners. He's a published author, frequent contributor to local Fox News affiliate & recently voted as a Top 40 Mortgage Professional Under 40 by NMPM.
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