National Association of Home Builders/Wells Fargo builder

US housing starts jumped 5 pct. in May off Midwest building

WASHINGTON/June 19, 2018 (AP)(STLRealEstate.News) — A surge of construction in the Midwest drove U.S. housing starts up 5 percent in May from the prior month. The Commerce Department said Wednesday that housing starts rose to a seasonally adjusted annual rate of 1.35 million, the strongest pace since July 2007. All of May’s construction gains came … Continue reading US housing starts jumped 5 pct. in May off Midwest building

Builder optimism fades with potential trade war looming

NEW YORK/June 18, 2018 (AP)(STLRealEstate.News) — The threat of a trade war with Canada has taken a toll on the confidence of U.S. homebuilders, according to index released Monday. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday fell two points to 68 in June. A reading of 70 in May temporarily … Continue reading Builder optimism fades with potential trade war looming