WASHINGTON — U.S. builders started work in August on the most single-family homes in six months and requested permits to build even more in future months.
Builders increased construction of single-family homes 7 percent last month to a seasonally adjusted annual rate of 628,000, the Commerce Department said Wednesday.
That’s the fastest rate since February. And they sought 627,000 permits for future single-family homes, 3 percent more than July and the best pace since May 2008.
Read tomorrow's Arkansas Democrat-Gazette for full details.