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U.S. home construction rebounds 4.3% in May

Contractors position a wall frame during construction of a new home in Walnut, Illinois.

Daniel Acker | Bloomberg | Getty Images

U.S. home construction rebounds 4.3% in May after steep declines caused by shutdowns due to the coronavirus.

The Commerce Department reported Wednesday that the May rise in home construction followed declines in April and March.

Homebuilders are hoping that as the nation re-opens, housing will post a strong recovery, helped by super-low mortgage rates. But some analysts caution that the fledgling rebound could be derailed if cases of the coronavirus spike again, causing potential buyers to put off looking for a new home.

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