Single-Family Housing Starts Rise 3.2 Percent in May

WASHINGTON, D.C. – June 19, 2012 – (RealEstateRama) — Single-family housing production increased for a third consecutive month and builders pulled more permits for both single- and multifamily construction in May, according to newly released figures from HUD and the U.S. Census Bureau. The data reveals that the seasonally adjusted annual rate of single-family housing starts rose 3.2 percent to 516,000 units – the best pace since December of 2011