Steel Markets
August 18, 2020
Housing Market's “V” Recovery Continues in July
Written by Sandy Williams
The housing industry continued to be a boost to the economy in July. Housing starts jumped 22.6 percent in July to a seasonally adjusted annual rate of 1,496,000 from the revised June rate of 1,220,000. Compared to a year ago, housing starts were up 23.4 percent.
“Demand is being supported by low interest rates and a renewed focus on the importance of home amid the virus crisis,” said Robert Dietz, chief economist at the National Association of Home Builders.
