Thursday, September 19, 2013
Boost for Single-Family Homes by U.S. Builders
According to ABC News, work on single-family homes by U.S. builders were at a high from 6 months ago during the month of August. Not only was the present construction work high during August, but permits were also requested by the workers for even more future builds for the months ahead, despite higher mortgage rates.
The building of houses and apartments were built at an annual rate of 891,000 last month, which rose from a 883,000 from the previous month.
Mortgage rates could rise even more depending on what the Federal Reserve decides on its $85 billion a month bond purchase, which is meant to help keep long-term rates low.
To read more on this topic, visit ABC News.
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