License #: RS315835
Specialty: Residential Down Sizing First Time Home Buyers
Awards: ABR, SRS, ePro
Area Covered: Doylestown, Buckingham, Montgomery Twp, Chalfont, North Wales, Lansdale, Blue Bell
Languages Spoken: English
Housing starts held steady in May, increasing 3.6% to a seasonally adjusted annual rate of 1.57 million units, according to the latest data from the Commerce Department.
The May reading of 1.57 million starts is the number of housing unit builders would begin if development kept this pace for the next 12 months. Single-family starts increased 4.2% to a 1.10 million seasonally adjusted annual rate. The multifamily sector, which includes apartment buildings and condos, increased 2.4% to a 474,000 pace.