NAR: Home prices are firming

Real Estate News Blog Headline

Housing starts rise, led by apartments

Housing starts rose 1.5 percent in August to an annualized rate of 598,000, led by a 25 percent increase in apartment construction, the U.S. Commerce Department announced Thursday. Single-family starts fell 3 percent to a 479,000 annual rate, the first decline since January. Single-family starts rose 24 percent in the Northeast, 0.9 percent in the Midwest, and fell 2.4 percent in the South. The West was unchanged.

Posted: September 17, 2009

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