Residential Construction Rates are Rising

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The U.S. Census Bureau and the Department of Housing and Urban Development revealed this week that, from June to July, three important residential construction numbers have risen nationwide.

The numbers of construction permits taken out (+8.1 percent), construction projects started (+15.7 percent) and construction projects completed (+3.7 percent) all increased significantly.

All three of these measures suggest that the housing market continues to pick up in strength.

Image via flickr/JD Hancock

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