U.S. housing starts rise 0.2% as sector steams forward

housing

housingBy Kate Davidson | The Wall Street Journal

WASHINGTON—U. S. home building ticked up in July thanks to a surge in construction of single-family homes, the latest sign of momentum in the housing market.

U.S. housing starts rose 0.2% from a month earlier to a seasonally adjusted annual rate of 1.21 million last month, the highest since October 2007, the Commerce Department said Tuesday. That is the third time in four months the figures reached a new high since the recession began.

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