new us home construction slows in march
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

New US home construction slows in March

Arab Today, arab today

Arab Today, arab today New US home construction slows in March

construction worker installing a rooftop on to a new home being built in Fairfax, Virginia
Washington - Arab Today

Construction of new US homes slowed in March to its slowest pace in four months, with the pace of building falling sharply in the Mid-West, the Commerce Department reported Tuesday.
Analysts had been expecting a slowdown following a surge in construction during the unseasonably warm winter months of January and February.
Total housing starts fell 6.8 percent for the month to a seasonally adjusted annual rate of 1.215 million, according to Tuesday’s Commerce Department figures. A consensus forecast had called for a drop of only 2.9 percent.
Construction of single-family homes likewise sank 6.2 percent for the month. In the Mid-West, single-family homes tumbled 35 percent.
Overall, home building was still well above its pace from a year ago, adding 9.2 percent over March of 2016.
Meanwhile, the level of housing permits rebounded to its highest level since October, an annual rate of 1.26 million new houses, suggesting that the pace of construction could see a turnaround.
Analysts say the US economic recovery has produced an exceedingly tight housing market, with rising wages and steady job creation seeing more buyers enter the market and driving up prices.
Inventory has remained scarce, with industry observers pointing to the high cost of construction, a hot rental market and a large share of suitable housing held by investment firms as reasons for the lack of supply.
However, March saw a second steep drop in the construction of apartments as buildings with five or more units fell 6.1 percent.

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

new us home construction slows in march new us home construction slows in march

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

new us home construction slows in march new us home construction slows in march

 



GMT 16:16 2014 Wednesday ,10 September

Samirah Ibrahim receives Saudi cultural attaché

GMT 09:32 2017 Sunday ,24 September

China confirms will limit oil exports to North Korea

GMT 19:56 2016 Saturday ,17 September

Typhoon Meranti death toll rises to 28

GMT 09:40 2018 Monday ,01 January

OIC Summit opens in Kazakhstan

GMT 06:37 2015 Monday ,07 December

Iran film directors protest colleague's jail term

GMT 18:37 2017 Friday ,25 August

Mental health issues should be prioritized

GMT 04:39 2017 Thursday ,31 August

Trump vows to right 'self-destructive' tax code

GMT 05:29 2017 Tuesday ,22 August

Celebrations across India on 71st Independence Day

GMT 10:54 2017 Wednesday ,11 October

Child obesity grows tenfold since 1975

GMT 02:31 2016 Tuesday ,06 December

Dubai Women Establishment delegation participates

GMT 04:29 2018 Wednesday ,19 September

North and South Korea: Kim and Moon hail new future

GMT 14:18 2013 Monday ,19 August

Newlywed Lebanese couple pose at car bomb site

GMT 11:11 2011 Friday ,12 August

Palestinian university ranks seventh in Arab world

GMT 15:16 2015 Wednesday ,26 August

UAE ambassador attends charity ceremony in Qalubiya

GMT 16:59 2016 Tuesday ,26 July

Hedge funds in new cycle of oil short-selling
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday