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 12:11 2017 Thursday ,27 July

Tony Baroud to present new TV show

GMT 23:00 2017 Monday ,16 October

Egypt FM to head for Slovenia on Monday

GMT 20:06 2017 Friday ,20 January

Daesh in new demolitions at Syria’s Palmyra

GMT 21:06 2017 Friday ,24 November

Marriyum condemns Hayatabad terrorists attack

GMT 01:00 2017 Saturday ,25 November

Cabinet Affairs Minister Meets Indonesian Ambassador

GMT 02:34 2018 Thursday ,04 January

Merger creates state-owned gas giant

GMT 10:08 2017 Tuesday ,07 March

Geneva farce: The regime is the opposition

GMT 10:19 2017 Saturday ,18 November

AJK Prime Minister condemns across LoC shelling

GMT 11:34 2017 Wednesday ,22 March

33 Syrians killed in Air raid on Raqqa’s school

GMT 11:03 2017 Wednesday ,01 March

Asala declares her solidarity with George Wassouf

GMT 17:57 2017 Wednesday ,11 October

Mideast nations turn to private sector

GMT 14:11 2016 Wednesday ,30 November

Tunisia wins billion-dollar pledges to boost economy

GMT 23:41 2017 Tuesday ,26 September

Qatar laborer ‘sacked’ after speaking to UN team

GMT 04:28 2017 Tuesday ,21 March

Enrique Iglesias to headline Bahrain F1
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