Housing starts jump 15.7% in July

Apartment builds at 33% reflect weak wages, loan rates

Posted: August 20, 2014 at 2:31 a.m.

A worker clings to the frame of a house being built in Belmar, N.J., on July 30. Home construction increased 15.7 percent in July, the Commerce Department reported Tuesday.

Housing starts surged in July to the highest level in eight months, the Commerce Department reported Tuesday, underscoring the recent pickup in builder optimism as the U.S. residential real-estate market gains some traction.

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