May Housing Construction Jumps by 17.2 Percent

Construction of new homes jumped in May by the largest amount in three months, an encouraging sign that the nation's deep housing recession was beginning to bottom out. In another encouraging sign, applications for building permits, seen as a good indicator of future activity, rose 4 percent in May to an annual rate of 518,000 units. For more information, follow the link below.
http://www.charlotteobserver.com/business/story/782855.html

Barbara West
Communications Specialist
bwest@ncrealtors.org