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Homebuilding Falls in February, Led By Dip in Multifamily Units

Friday, Mar 27 2020

Written by Chris Frankie

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A steep drop in construction of multifamily units drove a decline in U.S. homebuilding in February. So reports CNBC.

Housing starts fell 1.5% while starts for buildings with five or more units slid 17%, according to the Commerce Department.

Homebuilding could soften further as the coronavirus pandemic upends American life.

Read the full article from CNBC.

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