Estimated reading time: 0 minutes, 16 seconds

Homebuilding Falls in February, Led By Dip in Multifamily Units

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

Read 1228 times
Rate this item
(0 votes)

FOLLOW US