Turnaround in Construction of New Single-Family Homes Not In 2008 |
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Turnaround in Construction of New Single-Family Homes Not In 2008 Construction of new homes fell 11.0% in July to an annual rate of 965,000 after a 10.4% increase in June. These large swings in housing starts during June and July reflect the impact of a building code change for multi-family units in New York. The count of single-family starts is not distorted by the change in code and should be used to assess the status of new home construction. Starts of single-family units declined 2.9% in
Filed under: Fundamental
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