Showing posts with label new construction deeps. Show all posts
Showing posts with label new construction deeps. Show all posts

Thursday, March 17, 2011

Home Building Declines 22.5%

Home construction declines 22.5% in February 2011 comparing to January to a seasonally adjusted 479000 homes according to the Commerce Department. It was the lowest since April 2009 and the second lowest dating back more than a century.
Single family homes which make roughly 80 % of home construction, fell 11.8 % in February .


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