Tuesday, May 19, 2009

Housing New Construction Falls

From the Washington Post this morning, permits for new housing has fallen to a record low for April. This news is a mixed bag however, as single family home construction rose 2.8%. The decline was pushed by multifamily construction, which declined by 46%. This decline included the Northeast, South and Midwest, though the Washington DC Metro region may be an outlier in this data.

Washington Post

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