Homebuilding Recovers From Lowest Level In Three Years

Posted on AllSides October 18th, 2023
From The Center
AFP / CHRIS DELMAS

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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https://www.ibtimes.com/homebuilding-recovers-lowest-level-three-years-3715689

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