Homebuilding Recovers From Lowest Level In Three Years

Posted on AllSides October 18th, 2023
From The Center

Construction of new homes in the U.S. recovered in September after falling in August to the lowest level since 2020.

Housing starts rose 7% on a monthly basis to 1.36 million units, after a drop of 13% in August, the Census Bureau said Wednesday. The number is still 7.2% lower than in September of 2022.

The report also showed that permits for new construction fell 4.4% from August and 7.2% from a year ago.

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