Coronavirus slowed new resi construction across US in March: TRD Insights by By Jerome Dineen

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Coronavirus slowed new resi construction across US in March: TRD Insights –

The U.S. Census Bureau’s preliminary residential construction report for March shows the spread of coronavirus had a substantial effect on many areas of new residential construction across the U.S. Housing starts cratered 22 percent in March compared to February, and single-family construction activity also slowed, according to the report. Single-family construction in March was slightly higher than the same period last year, however. Other categories that slowed in March compared to February include housing completions

This information appeared first at https://therealdeal.com/2020/04/22/coronavirus-slowed-new-resi-construction-across-us-in-march-trd-insights/

John Jason Fallows

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