New U.S. Home Construction in April Slumps by Most on Record

U.S. home construction starts plunged in April by the most in records back to 1959, as the nationwide lockdown to control the spread of the coronavirus hammered the housing market and broader economy. Residential starts plummeted 30.2% to an 891,000 annualized rate from … Continue reading New U.S. Home Construction in April Slumps by Most on Record