News

GOOD NEWS on the Economy

May Housing Starts Jumped 17.2%

Home construction climbed in May far above expectations, with single-family starts rising a third month in a row and giving more evidence of stability in the housing sector.

Separately, U.S. producer prices posted their largest annual decline in 60 years last month, suggesting that the prolonged recession continues to take pressure off inflation.

Now may be the best time to build or remodel with lower material prices, lower interest rates and new energy saving and green building products more readily available. Check out your local Shelly’s for more information.

This entry was posted on Tuesday, June 16th, 2009 at 9:02 am.