U.S. housing starts rise in May

06/18/2013 | MarketWatch

U.S. housing starts were up a strong but lower-than-expected 6.8% in May, driven in part by apartment construction, which tends to be volatile. Single-family home starts were up 0.3%. Overall, the numbers were considered encouraging, with "this month's report one that still has the housing recovery on track," said Robert Brusca, chief economist at FAO Economics.

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