Property News · February 16, 2017

US home building falls as developers start fewer apartments


US home building fell last month, led by a drop in apartment construction, while developers broke ground on more single family homes.
The construction of new houses and apartments declined 2.6 per cent in January to a seasonally adjusted annual rate of 1.25 million, the Commerce Department said Thursday. The drop came after a much larger gain the previous month. Single family housing starts rose 1.9 per cent while apartment building dropped 7.9 per cent.
Even with the decline, new home…

Source : South China Morning Post
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