Most new home starts in 4 years

Builders started more new homes in June than any month in the past 4 years. This was the 4th straight month of growth, signaling a rebound for new single family homes may be taking place. Permits to build new single family homes reached their highest level since March of 2010. June's growth rate annualized equate to 760,000 home starts, just half of the 1.5 million considered normal.