Starts for homes fell 8.5 percent nationwide in June, dropping to a seasonally adjusted annual rate of 1.802 million units, the Census Bureau reported today. Single-family starts were off 9.5 percent from May's totals, dropping to a seasonally adjusted annual rate of 1.489 million units. The June fall-off represented the slowest pace for starts since May 2003. While a sign that the economy cooled slightly last month, the total still leaves home building at a healthy level for the year.
HomeBuilder.com(TM), and the Builder Homesite Consortium, two of the building industry's leading sources of online sales leads, today announced an alliance to increase the online advertising reach of America's home builders.