Housing starts for single family homes nationwide increased 3.2 percent in May, the Mortgage Bankers Association reported Tuesday.

Multi-family starts, which had surged in recently, were down from 236,000 units in April to 179,000 in May.

The number of new building permits issued, a strong indicator of future construction, were up 4 percent for single family homes in May.

--Christopher Quinn

About the Author

Keep Reading

Co-founder and president of the newly formed Georgia Skyline Bank, Ryan C. Floyd, was a SVP at The Piedmont Bank. (Courtesy of Georgia Skyline Bank)

Credit: sour

Featured

Jo'wan Bellamy taught in the GNETS program for 17 years and recently transferred to Atlanta’s new behavioral program at Crawford Long Middle School. (Arvin Temkar/AJC)

Credit: arvin.temkar@ajc.com