Comment on With steep plunge in apartment building, US home construction slumped in July

With steep plunge in apartment building, US home construction slumped in July

The Commerce Department said Wednesday that housing starts fell 4.8 percent in July to a seasonally adjusted annual rate of 1.16 million. Groundbreakings for multi-family buildings such as apartments slumped 17.1 percent, while single-family house construction slipped 0.5 percent.

 

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