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HUD Archives: News Releases
STATEMENT BY HOUSING SECRETARY ANDREW CUOMO ON HIGHEST RATE OF HOUSING STARTS IN 10 YEARS
Housing and Urban Development Secretary Andrew Cuomo today issued the following statement in response to a report by the Commerce Department that housing starts increased 5.7 percent in July - the highest monthly rate for housing starts since March 1987.
"Today's report on increased housing starts is a strong sign that President Clinton's economic policies are having a dramatic impact on the lives of American families by helping record numbers become homeowners. This statistic is good news for every hard-working family struggling and saving to turn the American Dream of homeownership into a reality."
(In July, Cuomo announced that the U.S. homeownership rate rose to 66 percent in the second quarter of this year - tying the all-time record rate set in the 3rd quarter of 1997. The number of families owning their own homes rose to 68.3 million - the highest number in American history).
Content Archived: January 20, 2009