clear
Tuesday May 5th, 2015 12:22AM

Home building up 13.2 percent in April

By The Associated Press
WASHINGTON (AP) -- U.S home construction surged in April to its highest pace in six months. But almost all that increase came from the volatile apartment sector, a sign that Americans are still struggling financially to buy single-family homes.

The Commerce Department says builders started work on 1.07 million homes at a seasonally adjusted annual rate in April, up 13.2 percent from 947,000 in March. The gains were driven by a 42.9 percent jump in the construction of apartments and condominiums. The rate of building single-family homes rose just 0.8 percent.

Most of the gains in multi-family housing were concentrated in the Northeast and Midwest, regions that are bouncing back from the harsh winter.

Applications for building permits, a gauge of future activity, rose 8 percent to an annual rate of 1.08 million.
© Copyright 2015 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
Judge denies motions to move, delay Tsarnaev trial
Lawyers for Boston Marathon bombing suspect Dzhokhar Tsarnaev asked a federal appeals court Wednesday to overturn a judge's decision to not move his upcoming trial out of state.
10:02PM ( 4 months ago )
High court to adopt electronic filing of cases
The Supreme Court is belatedly developing an electronic filing system similar to those used in courts around the country, Chief Justice John Roberts said Wednesday in his annual end-of-year report.
7:57PM ( 4 months ago )
Storm brings snow, cold to West for New Year's
A blustery winter storm dumped snow and ice across the West on Wednesday, making driving treacherous in the mountains from California to the Rockies and forcing residents and party-goers in some usually sun-soaked cities to bundle up for a frosty New Year's.
5:19PM ( 4 months ago )
U.S. News
State DOT awards $48M contract for NE Ga. road project
The state Department of Transportation has awarded a $47.8 million contract for nine miles of work on a northeast Georgia road.
9:37AM ( 4 months ago )
Business News
Grass fire impacts rush hour traffic on 985
Rush hour traffic on I-985 was slowed by a grass fire Wednesay afternoon with one lane closed while firefighters fought the blaze.
10:19PM ( 4 months ago )
Hall County conviction, sentencing to be reviewed by SCOGA
The State Supreme Court has agreed to hear the appeal of a Hall County man when they reconvene in January.
2:37PM ( 4 months ago )
Maysville man dies from Banks County wreck
The Georgia State Patrol reports that alcohol and/or drugs were factors a single-vehicle wreck that claimed the life of a Maysville man in Banks County Tuesday night.
11:07AM ( 4 months ago )
Local/State News
Gainesville Schools taps Centennial High's Kirk to take over system-wide AD position
At Monday night's school board work session, Gainesville City School Superintendent Wanda Creel introduced the school system's new Director of Athletics and Student Activities.
3:11AM ( 2 hours from now )
Gainesville man arrested in fatal Jackson Co. hit and run
Georgia State Troopers have the driver of a car involved in a fatal hit and run Monday in Jackson County in custody.
By AccessWDUN staff
6:02PM ( 6 hours ago )
Forsyth County man killed in weekend motorcycle wreck
A Forsyth County man died after a traffic accident on Hickory Hills Road Sunday afternoon.
4:05PM ( 8 hours ago )
NGMC-Braselton begins construction on obstetrics unit
Northeast Georgia Medical Center (NGMC) Braselton began construction on a new expansion Monday, allowing the hospital to begin offering obstetric services to the community.
By AccessWDUN staff
3:28PM ( 8 hours ago )
Cleveland police move into new location
Cleveland Police Department is operating from its new office location at 133 W. Kytle St.
1:44PM ( 10 hours ago )