Housing Starts Contract Once Again

The marathon seems to continue on as housing starts can’t seem to find stability in this extremely weak economy. The Commerce Department announced that the overall pace of housing starts contracted yet again in January, extending its current streak of month-over-month declines to seven. More specifically, 466,000 new houses broke ground in January compared to the 550,000 started in December. Below even more historical levels, activity in the housing sector is currently growing at a rate acutely below that of its potential. Looking ahead slightly, trends in building permits offer little reprive as 521,000 permits where pulled last month for future construction.

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New Construction Industry News

Per our user’s request, we are adding a new category called “Construction Industry”.  In this new category we will have updates on the industry, economics, trucks and more.  Please let us know if there are any specific items you would like us to include.