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U.S. home construction jumps 15.7% in July

By The Associated Press

This article was published August 19, 2014 at 11:05 a.m.

WASHINGTON — U.S. home construction rebounded in July, rising to the fastest pace in eight months and offering hope that housing has regained momentum after two months of declines.

Construction increased 15.7 percent in July to a seasonally adjusted annual rate of 1.09 million homes, the Commerce Department reported Tuesday. That was the fastest pace since November and followed declines of 4 percent in June and 7.4 percent in May.

Read Wednesday’s Arkansas Democrat-Gazette for full details.

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