Economists Expect Drop in September Home Construction
WASHINGTON, DC-According to a survey conducted by Thomson Reuters, economists expect that the construction of apartments and new homes may have come down to 3% in September from the previous month to an annual rate of around 580,000.
By GlobeSt News Hub|October 19, 2010 at 01:01 AM
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WASHINGTON, DC-According to a survey conducted by Thomson Reuters, economists expect that the construction of apartments and new homes may have come down to 3% in September from the previous month to an annual rate of around 580,000. Permits for newly approved buildings are estimated to increase up to 1.9%.
In August, home construction grew 10.5% from the previous month. Although builders are negative about housing market, they are feeling better than they did in the summer. For the full story, go to The San Diego Union Tribune.
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