Posted on May 22, 2016 - 09:03 PM
by DOMINIQUE DELCOURT
The number of new homes that began construction in April was 6.6 percent higher than the previous month, according to new numbers released by the U.S. Census Bureau and the Department of Housing and Urban Development. The improvement, which included a surge in multi-family construction, also included a 3.3 percent jump in the number of single-family homes that broke ground during the month. That’s good news for home buyers because any increase in new home construction boosts the number of homes available for sale, which helps balance the market and keeps prices from rising too quickly.