NPR : News

Filed Under:

Signs Of Strength In Latest Housing Data

There was a 7.9 percent jump in the number of construction permits issued to home builders in May, the Census Bureau says.

That increase boosted permits to a seasonally adjusted annual rate of 780,000 — the most since September 2008, The Associated Press adds. It's a signal that construction will be strong in coming months.

And there's another sign in the Census report that the housing sector may have picked up some strength: There was a 3.2 percent rise in the number of single-family home "starts" last month. Census says construction began on 516,000 such homes (that's another "seasonally adjusted annual rate").

The increase in construction of single-family homes wasn't enough to keep all types of housing starts on the rise, however. A 24.2 percent plunge in the volatile apartments sector pulled starts down overall by 4.8 percent.

Still, as Ameriprise Financial senior economist Russell Price tells Bloomberg News, the report "was a lot better than the headline number [overall starts] would suggest."

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

NPR

In Iran, A Poet's 700-Year-Old Verses Still Set Hearts Aflame

The 14th century Persian poet Hafez remains venerated in Iran, even though he wrote of wine, romance and other topics not necessarily welcome in today's Islamic Republic.
NPR

Buy Crop Insurance, Double Your Money

The nation's crop insurance program is really a lottery, says one economist. And it's rigged so that farmers win. In fact, farmers typically get back double the money they pay for premiums.
WAMU 88.5

The Politics Hour - February 12, 2016

D.C. Council Member Yvette Alexander (D-Ward 7) joins Kojo and Tom Sherwood to chat about her upcoming fight for re-election.

NPR

Do You Like Me? Swiping Leads To Spike In Online Dating For Young Adults

A study by the Pew Research Center finds the use of online dating sites has mushroomed in the past few years, particularly among 18- to 24-year-olds.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.