About: http://data.cimple.eu/news-article/582210640b308860d3ecda9fc9311d9cd3861d87614656d9b23a3638

Facets (new session)
Description
Metadata
Settings
- owl:sameAs
- Inference Rule:

About: http://data.cimple.eu/news-article/582210640b308860d3ecda9fc9311d9cd3861d87614656d9b23a3638 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

Attributes	Values
rdf:type	schema:NewsArticle
schema:articleBody	US home construction started in July surged 22.6 percent compared to June, the Commerce Department said Tuesday, as the sector continued to expand at a frenzied pace despite the coronavirus pandemic. The vast majority of the increase came in apartment buildings which exploded by nearly 57 percent, with the South and Northeast showing the largest gains, according to the report. Single family homes started in the month rose just 8.2 percent, the report said. The increase put housing starts at a 1.5 million annual rate, seasonally adjusted, far higher than the modest gain economists had been expecting, as builders take advantage of extremely low interest rates and the pent-up demand for homes. The dramatic gain last month came on top of the surge in June to a 1.22 million annual rate, revised up from the 1.19 million initially reported. And more construction is in the pipeline, as building permits issued jumped another 18.8 percent compared to the prior month, the report said, with double-digit increases in permits for single-family and multi-unit homes. Prior to the pandemic, home sales prices were rising given strong demand, and after the central bank slashed the benchmark interest rate to zero, low mortgage costs have spurred a fresh rush of homebuyers and boosted confidence of builders. "Homebuyer demand remains robust, inventories are tight, and there is a need for new units to keep the pace of sales going," said Mike Fratantoni, chief economist at the Mortgage Bankers Association. "Housing is certainly one of the bright spots in the struggling economy." hs/cs
schema:headline	US housing starts surge 23% in July: government
schema:mentions	Interest rate Mortgage loan Pipeline transport Pandemic Coronavirus Mortgage Bankers Association United States Department of Commerce Economy
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2020-08-18 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	65 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

Faceted Search & Find service v1.16.115 as of Oct 09 2023

Alternative Linked Data Documents: ODE Content Formats:

RDF

ODATA

Microdata

About

OpenLink Virtuoso version 07.20.3238 as of Jul 16 2024, on Linux (x86_64-pc-linux-musl), Single-Server Edition (126 GB total memory, 5 GB memory in use)
Data on this page belongs to its respective rights holders.
Virtuoso Faceted Browser Copyright © 2009-2025 OpenLink Software