Privately owned housing starts beat expectations in August while single-family starts declined by nearly 3%, according to data issued Tuesday by the US Census Bureau
The increase in housing starts is a welcome gift, but experts say builders aren't yet betting recent improvements in materials costs are here to stay for the long term
The jump in new construction should slow home price growth, says NAR chief economist Lawrence Yun
This is the biggest leap in years and could indicate an inventory increase coming soon
Trulia's chief economist says monthly starts are about 20 percent below historical averages