WASHINGTON — Fresh signs that the economy is stabilizing — though at very low levels — emerged Tuesday in reports that home construction rose more than expected last month and wholesale prices remain in check.
The building of new homes and apartments jumped 17.2 percent to a seasonally adjusted annual rate of 532,000 units from April's record low of 454,000 units, the Commerce Department said. Building permits, an indicator of future activity, rose 4 percent to an annual rate of 518,000 units, also better than expected.
But the gains in construction were driven by a surge in the highly volatile category of multifamily buildings, which soared 61.7 percent in May after plunging 49.4 percent in April. Single-family home construction rose at a much lower rate, 7.5 percent.
Click here to read the entire article.
Source: MSNBC
Latest from Pest Control Technology
- Bug Busters Expands Service Footprint with New Georgia Branch
- Rodents Can Find Refuge from the Cold in Unused Vehicles
- Natasha Wright Discusses Winter Rodent Habits
- Truly Nolen Promotes Harush, Alvare
- Fleetio Report Finds 53.3% of Fleets Researching or Piloting AI Capabilities
- TRUCE Software Secures Series B Funding
- Richard Spencer Reviews Safety Standards and Training for Technicians
- Kimberly Camera, Canine Team are Hot on Rodent Trails
