US home building rose in June for the third straight month, data from the US Census Bureau has revealed.
Housing starts rose 3.6 per cent in June to an annualised rate of 582,000 units, but still well below the 1.1 million of a year ago.
Federal Reserve officials are confident the economy is about to improve despite surging unemployment levels.
You’re out of free articles for this month
To continue reading the rest of this article, please log in.
Michigan recorded the highest level of unemployment at 15.2 per cent, well above the national rate of 9.5 per cent.
Want to see more stories from trusted news sources?
Make The Adviser a preferred news source on Google.
Click here to add The Adviser as a preferred news source.
Tags:
