Article by: JIM BUCHTA ,

Those numbers, highest in nearly four years, add hope that the residential market is turning.

In the Twin Cities and across the country, tight supplies of existing homes and record low mortgage rates have been a salve for home builders, who are beginning to hammer their way out of the deepest downturn in generations.

U.S. housing starts increased 6.9 percent in June to a seasonally adjusted annual rate of 760,000, the highest level since October 2008.

“We could get used to this trend,” said Curt Christensen, president of the Builders Association of the Twin Cities (BATC) and owner of Lee Lyn Construction. “We’re seeing plenty of signs of improvement in housing.”

 

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Housing starts jump nearly 7% in June

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