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U.S. Home Construction Falls in May


U.S. home construction fell slightly in May as a sharp drop in single-family construction was only partially offset by a rise in apartment building. But there are signs that better days are on the way.

According to the Commerce Department construction was started on 1.27 million homes and apartments, a decline of 0.9% from April.

The report on construction starts showed declines in every region of the country except the South where building starts rose by 11.2%.

However, applications for building permits edged up 0.3% in May; always a good sign of future growth.

In addition, home builder’s confidence remained quite strong.

Read on HERE:

Consider investing in a professionally managed portfolio of single-family homes? Please contact Harold Willig at harold.willig@springviewinvestments.com or 917-209-4452.

Harold Willig is the Manager of SpringView Investment Management, LLC, which he founded in 2012. Mr. Willig also served as HFZ Capital Group’s Chief Financial Officer and was responsible for the oversight of HFZ's Finance and Accounting team. He has over 16 years of finance and accounting experience.

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