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New Home Construction Hits a 12-year High

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    Housing starts skyrocketed by 12.3% to a seasonally adjusted rate of 1.364 million units in August, according to the Commerce Department. This beats estimates by some economists who forecasted that housing starts in August would only be 1.2 million units.

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    Posted by Jeff Mindham
    Prior to becoming a full-time writer in 2015, I was the Senior President of National Marketing for Prudential Real Estate (63,000 agents & 700 franchisees), and the Chief Marketing Officer at several real estate tech startups. Those included ForSaleByOwner.com, the nation’s largest online FSBO, Foxtons and USRealty.com, among others. I began my career on Madison Ave. working at some of New York’s largest ad agencies. I have a master’s degree from the University of San Francisco and a BA degree in Communications.