WASHINGTON - A surge of construction in the Midwest drove U.S. housing starts up 5 percent in May from the prior month.
The Commerce Department said Wednesday that housing starts rose to a seasonally adjusted annual rate of 1.35 million, the strongest pace since July 2007. All of May's construction gains came from a 62 percent jump in the Midwest, while building slumped in the Northeast, South and West. Home construction can be volatile on a monthly basis, so May's gains may be a blip rather than a trend.
The solid job market has helped to boost demand for new homes. Housing starts have risen 11 percent so far this year, with gains for both single family houses and apartment buildings. Permits to build tumbled 4.6 percent in May, but permits are running 8.9 percent higher year-to-date.
Still, builders are concerned that tariffs announced by President Donald Trump that could affect steel, aluminum and lumber would make construction much more expensive, possibly limiting how many properties are built.
The risk of trade war with Canada caused builder confidence to sink this month. The National Association of Home Builders/Wells Fargo builder sentiment index released Monday fell two points to 68 this month. Any reading above 50 signals expansion.
The home builder association said higher lumber prices have increased the price of a new single-family home by $9,000 since January 2017.
Two people were killed Monday when a roughly 75-foot- tall tree fell onto a two-story house in the Point Loma Heights area.
Tragedy struck Monday in Point Loma Heights where a couple reportedly visiting from North Dakota died when a 75-foot tall Torrey Pine fell on the house. A fellow business owner from Grand Forks, North Dakota, identified the victims as Troy and Jessica Nelson – owners of Trojan Promotions.
The highest king tides of the year peaked early Monday morning. All along San Diego’s coasts this weekend, News 8 captured footage of big waves and some flooding.
Big Brothers Big Sisters of San Diego County has organized a fun and informative event to take place this Saturday. Beer + BBQ kicks off at noon at Thorn Brewing Co.’s Barrio Logan location (1745 National Ave).
San Diegans are celebrating a Jewish holiday on Monday. Tu B’Shevat marks the beginning of a new year for trees.
Parenting children of any age comes with unique challenges. Reena B. Patel - a parenting expert, licensed educational psychologist, and author - visited Morning Extra with positive parenting tips for families with kids of all ages.
In Monday’s Daily Dose, we’ve got a tour around San Diego your belly will thank you for. San Diego Restaurant Week allows you to explore your favorite areas and score great deals on food along the way.
A rare spectacle in the sky captivated people around the world on Sunday night – including those here in San Diego. A lunar eclipse of the so-called “Super Blood Wolf Moon” was a stunning sight for dozens who gathered at Balboa Park.
Three San Diego police patrol vehicles were damaged Monday during a brief pursuit of a suspected drunken driver in the Point Loma Heights area.
County offices including libraries and animal shelters are closed Monday, Jan. 21 for the federal holiday in observance of civil rights leader Martin Luther King Jr.