Property News · December 16, 2016

US home starts slump 18.7 per cent after outsized advance


Construction of new homes in the United States fell more than forecast last month after surging in October to a nine-year high, indicating fitful progress in residential real estate.
Residential starts slumped 18.7 per cent to a 1.09 million annualised rate after a 27.4 per cent increase a month earlier, data from the Department of Commerce showed on Friday. The median projection in a survey called for a 1.23 million pace. Permits also fell on fewer applications to build apartments.
Even with…

Source : South China Morning Post
Read more…US home starts slump 18.7 per cent after outsized advance

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